By Kiku Steinfeld
Chicago, Dec. 23 – JPMorgan Chase Financial Co. LLC priced $839,000 of uncapped buffered return enhanced notes due Dec. 20, 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.
If the index return is positive, the payout at maturity will be par plus 1.05 times any gain.
If the index declines by up to 40%, the payout will be par. Investors will lose 1% for each 1% decline if the index declines beyond 40%.
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: | Uncapped buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $839,000
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| Maturity: | Dec. 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.05 times any gain; par if index declines by up to 40%; full exposure to losses beyond negative 40%
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| Initial level: | 3,192.52
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| Buffer level: | 60% of initial level
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| Pricing date: | Dec. 17
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| Settlement date: | Dec. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.175%
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| Cusip: | 48132HGA4
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