By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $623,000 of 0% autocallable buffered notes due Dec. 27, 2024 linked to the lesser performing of the SPDR Gold trust and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each fund closes at or above its initial level on any annual call observation date, the notes will be automatically called at par plus an annual call premium of 7%.
If the notes are not called and each fund finishes above its initial level, the payout at maturity will be par plus the return of the least-performing fund.
If the fund falls by up to 20%, the payout will be par. If the fund falls by more than 20%, investors will lose 1% for every 1% decline beyond 20%.
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 buffered equity notes
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| Underlying funds: | SPDR Gold trust and the iShares Silver Trust
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| Amount: | $623,000
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| Maturity: | Dec. 27, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is zero or positive, par plus fund return; if fund falls by up to 20%, par; if fund falls by more than 20%, 1% loss for every 1% decline beyond 20%
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| Call: | Automatically at par plus a call premium if fund closes at or above its initial level on one of the three call observation dates; call premium is 7%
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| Initial level: | $175.65 for Gold and $23.80 for Silver
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | JPMorgan Securities LLC
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| Fees: | 3.53491%
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| Cusip: | 48132P5M2
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