Chicago, Aug. 21 – JPMorgan Chase Financial Co. LLC priced $150,000 of 0% autocallable contingent buffered notes due Aug. 8, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus the index return if the index closes at or above the 126.5% trigger level on any annual review date.
If the notes are not called and the final index level is above the initial level, the payout will be par plus the index return.
If the index falls but not by more than the 45% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index.
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 contingent buffered notes
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| Underlying index: | S&P 500
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| Amount: | $150,000
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| Maturity: | Aug. 8, 2024
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| Coupon: | 0%
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| Price: | Par
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| Call: | Par plus the index return if the index closes at or above the 126.5% trigger level on any annual review date
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| Payout at maturity: | Par plus the index return if the index finishes above initial level, par if index drops by no more than 45%, otherwise investors will be exposed to the losses of the index
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| Initial levels: | 2,932.05
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| Buffer level: | 55% of initial level
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48130URM9
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