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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Review notes
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Underlying index: | MerQube US Large-Cap Vol Advantage index
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Amount: | $2,041,000
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Maturity: | Dec. 2, 2026
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Coupon: | 0%
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Price: | Par
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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
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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
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Initial level: | 2,594.09
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Call level: | 90% of initial level
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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
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48134RLC0
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