By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – JPMorgan Chase Financial Co. LLC priced $10.8 million of 0% bearish autocallable absolute return trigger market-linked notes due Aug. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par if the closing index level is less than the initial index level by more than 25% on any day during the life of the notes.
If the notes are not called and the final index level is less than the initial level but not by more than 25%, the payout will be par plus 1% for every 1% decline of the index.
If the final index level is greater than or equal to the initial level, investors will receive par plus 3.78%.
If the index declines by more than 25%, the payout will be par.
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: | Bearish autocallable absolute return trigger market-linked notes
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| Underlying index: | S&P 500
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| Amount: | $10.8 million
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| Maturity: | Aug. 7, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and the final index level is less than the initial level but greater than the threshold level, par plus absolute value of decline of the index; if the final index level is greater than or equal to the initial level, par plus 3.78%; if final level is less than threshold level, par
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| Call: | Automatically at par if the closing index level is less than the initial index level by more than 30% on any day during the life of the notes
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| Initial level: | 4,501.89
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| Threshold level: | 75% of initial level
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| Pricing date: | Aug. 3
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| Settlement date: | Aug. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133YUK8
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