Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $1.67 million of 0% digital equity notes due Jan. 6, 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 90% of initial level, the payout at maturity will be par plus 9.17%.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
|
| Underlying index: | S&P 500 index
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| Amount: | $1,666,000
|
| Maturity: | Jan. 6, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above 90% of initial level, par plus 9.17%; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 4,550.43
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Nov. 27
|
| Settlement date: | Dec. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48134RQB7
|
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