New York, Nov. 27 – JPMorgan Chase Financial Co. LLC priced $3.37 million of 0% autocallable buffered return enhanced notes due Nov. 20, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Nov. 25, 2024 at a premium of 17.5% if the worst performing index closes at or above its initial value.
If the worst performing index gains, the payout at maturity will be par plus 125% of that index’s return.
Investors will receive par if the worst performing index declines by no more than 20% and 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 buffered return enhanced notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $3,367,000
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Maturity: | Nov. 20, 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 125% of that index’s return; par 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 Nov. 25, 2024 at a premium of 17.5% if the worst performing index closes at or above its initial value
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Initial levels: | 1,797.766 for Russell 2000, 4,514.02 for S&P 500
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Upside leverage: | 125%
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Buffer: | 20%
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Pricing date: | Nov. 17
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Settlement date: | Nov. 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134BK93
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