New York, Jan. 6 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% autocallable buffered return enhanced notes due Jan. 2, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 14.8% if the index closes at or above its initial value on Jan. 2, 2024.
If the index gains, the payout will be par plus 200% of the index return.
Investors will receive par if the index declines by no more than 10% and will lose 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $2 million
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| Maturity: | Jan. 2, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 200% of index return; par if index declines but by no more than 10% buffer; 1% loss for every 1% that index declines beyond the buffer
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| Call: | Automatically at a premium of 14.8% if the index closes at or above its initial value on Jan. 2, 2024
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| Initial level: | 3,822.39
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| Upside leverage: | 200%
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| Buffer: | 10%
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| Strike date: | Dec. 22
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.1%
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| Cusip: | 48133THC2
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