By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – JPMorgan Chase Financial Co. LLC priced $75,000 of uncapped contingent buffered equity notes due Jan. 2, 2025 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 finishes at or above its initial level, the payout at maturity will be par plus the return of the index.
Investors will receive par if the index falls by up to 50% and will lose 1% for each 1% decline from the initial level if the index falls by more than the 50% contingent buffer.
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 contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $75,000
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| Maturity: | Jan. 2, 2025
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| Price: | Par
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| Payout at maturity: | Par plus index return if index finishes above its initial level; par if the index falls by up to 50%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 3,240.02
|
| Pricing date: | Dec. 27
|
| Settlement date: | Jan. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.58333%
|
| Cusip: | 48132HCB6
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