By Wendy Van Sickle
Columbus, Ohio, June 12 – JPMorgan Chase Financial Co. LLC priced $42.85 million of 0% autocallable buffered equity notes due June 11, 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 an 8.15% call premium if the index closes at or above its initial level on June 14, 2024.
If the index finishes above its initial level, the payout will be par plus 16.3%.
If the index declines but not more than 10%, the payout will be par.
Otherwise, investors will lose 1.1111% for each 1% decline of the index 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 equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $42.85 million
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| Maturity: | June 11, 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 16.3%; par if index declines but not more than 10%; otherwise, 1.1111% loss for each 1% decline of index beyond 10%
|
| Call: | At par plus 8.15% premium if the index closes at or above its initial level on June 14, 2024
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| Initial level: | 4,267.52
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| Buffer level: | 90% of initial level
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| Pricing date: | June 7
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| Settlement date: | June 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133XEB8
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