Chicago, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $1.77 million of 0% digital absolute return notes due Oct. 30, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 10.53%.
If the index declines but finishes at or above barrier level, 80% of initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.25% for each 1% index decline beyond 20%.
JPMorgan Chase & Co. is the guarantor.
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: | Digital absolute return notes
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| Underlying index: | S&P 500 index
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| Amount: | $1,765,000
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| Maturity: | Oct. 30, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus 10.53%; if index declines by no more than 20%, par plus absolute value of index return; otherwise, 1.25% loss for each 1% index decline beyond 20%
|
| Initial level: | 4,365.98
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| Buffer level: | 80% of initial level
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| Pricing date: | Nov. 6
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| Settlement date: | Nov. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.43%
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| Cusip: | 48134B4A8
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