Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% digital buffered notes due Feb. 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 7.69% if the index gains or declines by no more than its 15% buffer.
Otherwise, the payout will be par less 117.647% of the decline of the index beyond the buffer.
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: | Digital buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $650,000
|
| Maturity: | Feb. 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 7.69% if index gains or declines by no more than its 15% buffer; otherwise par less 117.647% of the decline of index beyond its buffer
|
| Initial level: | 4,839.81
|
| Buffer level: | 85% of initial level
|
| Digital payment: | 7.69%
|
| Buffer: | 15%
|
| Downside leverage: | 117.647%
|
| Pricing date: | Jan. 22
|
| Settlement date: | Jan. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48134TF66
|
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