Chicago, Aug. 3 – JPMorgan Chase Financial Co. LLC priced $76,000 of 0% review notes due July 31, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting July 29, 2024 and on any subsequent annual review date at a premium of 28% per year if the index closes above its initial value on the successive determination dates.
At maturity, if the index finishes above the call value the payout will be par plus the 140% call premium.
If the index ends above its 50% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Review notes
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Underlying index: | MerQube US Tech+ Vol Advantage index
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Amount: | $76,000
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Maturity: | July 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 140% call premium if index finishes positive; 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
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Call: | Automatically starting July 29, 2024 and on any subsequent annual review date at a premium of 28% per year if the index closes above its initial value on the successive determination dates
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Initial level: | 8,922.18
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Downside threshold: | 4,461.09, 50% of initial level
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4%
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Cusip: | 48133X4C7
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