By William Gullotti
Buffalo, N.Y., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $3.5 million of 0% autocallable lookback contingent jump buffered return enhanced notes due Dec. 26, 2025 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 plus 10% if the index closes at or above its initial level on Nov. 1, 2024.
If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus 1.5 times the return and par plus 20%.
Investors will receive par if the index falls by up to 33%. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable lookback contingent jump buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3.5 million
|
| Maturity: | Dec. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, the greater of par plus 1.5 times the return and par plus 20%; par if index falls by up to 33%; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 10% if index closes at or above initial level on Nov. 1, 2024
|
| Initial level: | Lowest closing level of the index on any trading day from and including Oct. 20 to and including Nov. 1; will be less than or equal to 4,224.16
|
| Buffer level: | 67% of initial level
|
| Strike date: | Oct. 20
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.58%
|
| Cusip: | 48134B6M0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
