Chicago, Feb. 24 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% autocallable buffered equity notes due Feb. 21, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9% call premium if the index closes at or above 90% of its initial level on March 1, 2024.
If the index finishes above its initial level, the payout will be par plus the greater of 18% and the return of the index.
If the index declines but not more than 20%, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% decline of the index beyond 20%.
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 equity notes
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Underlying index: | S&P 500 index
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Amount: | $1,025,000
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Maturity: | Feb. 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus greater of 18% or index return; par if index declines but not more than 20%; otherwise, 1.25% loss for each 1% decline of index beyond 20%
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Call: | At par plus 9% if the index closes at or above 90% of its initial level on March 1, 2024
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Initial level: | 4,079.09
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Buffer level: | 80% of initial level
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Pricing date: | Feb. 17
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Settlement date: | Feb. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133UF80
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