New York, June 27 – JPMorgan Chase Financial Co. LLC priced $1.75 million of 0% autocallable buffered return enhanced notes due June 25, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on June 28, 2024 at a premium of 9.3% if the index closes at or above of its initial value.
If the index gains, the payout at maturity will be par plus 125% of the index return.
Investors will receive par if the index declines by no more than 30% and will lose 1% for every 1% that the index declines beyond 30%.
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: | $1.75 million
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| Maturity: | June 25, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 125% of index return; par if index declines by no more than 30%; otherwise, 1% loss for every 1% that index declines beyond 30%
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| Call: | Automatically on June 28, 2024 at a premium of 9.3% if the index closes at or above of its initial value
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| Initial level: | 4,388.71
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| Upside leverage: | 125%
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| Buffer: | 30%
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| Strike date: | June 20
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| Pricing date: | June 21
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| Settlement date: | June 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133XYL4
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