Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $2.04 million of 0% review notes due Dec. 2, 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 Dec. 3, 2024 and on any subsequent quarterly review date at a premium of 20.75% per year if the index closes above 90% of its initial value on the successive determination dates.
The maturity date premium is 62.25%.
If the notes are not called because the index closes below 90% of its initial level and the index ends above its 65% 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: | $2,041,000
|
| Maturity: | Dec. 2, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above call value, par plus 62.25%; if index declines more than 10% 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 starting Dec. 3, 2024 and on any subsequent quarterly review date at a premium of 20.75% per year if the index closes above 90% of its initial value on the successive determination dates
|
| Initial level: | 2,594.09
|
| Call level: | 90% of initial level
|
| Downside threshold: | 1,686.1585, 65% of initial level
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| Call: | Automatically starting Dec. 3, 2024 and on any subsequent quarterly review date at a premium of 20.75% per year if the index closes above 90% of its initial value on the successive determination dates
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48134RLC0
|
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