New York, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $1.36 million of 0% autocallable dual directional buffered return enhanced notes due Oct. 1, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on Oct. 8, 2024 at a premium of 12.05% if the worst performing index closes at or above of its initial value.
If the worst performing index gains, the payout at maturity will be par plus 150% of that index’s return, subject to a maximum return of par plus 45%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 20%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines 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 dual directional buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $1,355,000
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| Maturity: | Oct. 1, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 150% of that index’s return, subject to a maximum return of par plus 45%; par plus absolute value of worst performing index return if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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| Call: | Automatically on Oct. 8, 2024 at a premium of 12.05% if the worst performing index closes at or above of its initial value
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| Initial levels: | 33,550.27 for Dow Jones industrial average, 4,274.51 for S&P 500
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| Upside leverage: | 150%
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| Cap: | 45%
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| Buffer: | 20%
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| Strike date: | Sept. 27
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134BMC4
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