Chicago, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $781,000 of 0% autocallable buffered return enhanced notes due Jan. 23, 2026 linked to the Global X Copper Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Jan. 24, 2025 at a premium of 17.75% if the ETF closes above its initial value.
If the ETF gains the payout will be par plus 150% of the ETF return. Investors will receive par if the ETF declines but ends at or above its 10% buffer and they will lose 1% for every 1% that the ETF declines 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: | Autocallable buffered return enhanced notes
|
| Underlying ETF: | Global X Copper Miners ETF
|
| Amount: | $781,000
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| Maturity: | Jan. 23, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus 150% of ETF return; par if ETF declines but by no more than 10% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Call: | Automatically on Jan. 24, 2025 at a premium of 17.75% if the ETF closes above its initial value
|
| Initial level: | $34.86
|
| Buffer level: | 90% of initial level
|
| Upside leverage: | 150%
|
| Buffer: | 10%
|
| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48134TXL3
|
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