By Wendy Van Sickle
Columbus, Ohio, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $1.7 million of 0% autocallable lookback contingent jump buffered return enhanced notes due Nov. 24, 2025 linked to the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10% if the index closes at or above its initial level on Oct. 1, 2024.
If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus 1.5 times the return and par plus 20%.
Investors will receive par if the index falls by up to 20%. Otherwise, investors will lose 1% for each 1% decline of the index from its initial 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 lookback contingent jump buffered return enhanced notes
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| Underlying index: | S&P 500 Equal Weight index
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| Amount: | $1.7 million
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| Maturity: | Nov. 24, 2025
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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 initial level, the greater of par plus 1.5 times the return and par plus 20%; par if index falls by up to 20%; otherwise, 1% loss for each 1% decline from initial level
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| Call: | Automatically at par plus 10% if index closes at or above initial level on Oct. 1, 2024
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| Initial level: | Lowest closing level of the index on any trading day from and including Sept. 19 to and including Sept. 27; will be less than or equal to 5,947.21
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| Buffer level: | 80% of initial level
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| Strike date: | Sept. 19
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| Pricing date: | Sept. 20
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| Settlement date: | Sept. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.58%
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| Cusip: | 48134A4G7
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