Chicago, Sept. 15 – JPMorgan Chase Financial Co. LLC priced $2.67 million of 0% review notes due Sept. 3, 2026 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Sept. 9, 2024 and on any subsequent quarterly review date at a premium of 29% per year if the index closes above its initial value on the successive determination dates.
The final premium is 87%.
If the notes are not called and the index ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold 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 Large-Cap Vol Advantage index
|
| Amount: | $2,665,000
|
| Maturity: | Sept. 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 87% final call premium if index closes above initial level; if index 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 starting Sept. 9, 2024 and on any subsequent quarterly review date at a premium of 29% per year if the index closes above its initial value on the successive determination dates
|
| Initial level: | 2,725.09
|
| Downside threshold: | 1,907.563, 70% of initial level
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48134ARU1
|
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