Chicago, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% buffered digital notes due Jan. 16, 2025 linked to the least performing of the SPDR Dow Jones industrial average ETF Trust, SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains or declines but by no more than its 25% buffer the payout at maturity will be par plus 11.3%. Investors will lose 133.333% of the decline of the worst performing ETF beyond its buffer.
The notes are non-callable.
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: | Buffered digital notes
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| Underlying ETFs: | SPDR Dow Jones industrial average ETF Trust, SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF
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| Amount: | $1.6 million
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| Maturity: | Jan. 16, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF gains or declines but by no more than 25% buffer, par plus 11.3%; otherwise, exposure to 133.333% of decline of worst performing ETF beyond the buffer
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| Initial levels: | $341.04 for Dow ETF, $435.69 for S&P ETF, $172.31 for Russell ETF
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| Buffer levels: | 75% of initial levels
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| Buffer: | 25%
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| Downside leverage: | 133.333%
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| Call: | Non-callable
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| Pricing date: | Nov. 6
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| Settlement date: | Nov. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48134B5G4
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