Chicago, April 15 – JPMorgan Chase Financial Co. LLC priced $673,000 of 0% autocallable accelerated barrier notes due Jan. 23, 2029 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Jan. 24, 2025 at a premium of 13.25% if the index closes above its initial value.
If the index gains the payout will be par plus 190% of the index return. Investors will receive par if the index declines but ends at or above its 80% barrier and they will lose 1% for every 1% that the index declines if it finishes below the barrier level.
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: | Autocallable accelerated barrier notes
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $673,000
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| Maturity: | Jan. 23, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus 190% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Call: | Automatically on Jan. 24, 2025 at a premium of 13.25% if the index closes above its initial value
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| Initial level: | 422.22
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| Downside threshold: | 337.776, 80% of initial level
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| Upside leverage: | 190%
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134TUF9
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