By Kiku Steinfeld
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $1.18 million of 0% review notes due Nov. 29, 2024 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 21% per year if the index closes at or above its initial level on any annual review date.
If the index finishes below its initial level but at or above the 65% barrier level, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline in 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $1,178,000
|
| Maturity: | Nov. 29, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above barrier level, par; otherwise, investors will lose 1% for every 1% decline in the index from its initial level
|
| Call: | Automatically at par plus call premium of 21% per year if index closes at or above its initial level on any annual review date
|
| Initial level: | 11,327.27
|
| Barrier level: | 7,362.7255; 65% of initial level
|
| Pricing date: | Nov. 23
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| Settlement date: | Nov. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132YYT6
|
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