By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1.83 million of 0% autocallable buffered equity notes due July 31, 2025 linked to the performance of the S&P 500 Equal Weight index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 9% call premium if the index closes at or above its initial level on Aug. 9, 2024.
If the index finishes at or above its 91% buffer, the payout at maturity will be the greater of par plus 18% and par plus the return of the index.
Otherwise, investors will lose 1.0989% for each 1% decline of the index beyond 9%.
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: | Autocallable buffered equity notes
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Underlying index: | S&P 500 Equal Weight index
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Amount: | $1.83 million
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Maturity: | July 31, 2025
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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 buffer level, the greater of par plus 18% and par plus the return of the index; otherwise, 1.0989% loss for each 1% decline of index beyond 9%
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Call: | At par plus 9% if the index closes at or above its initial level on Aug. 9, 2024
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Initial level: | 6,268.93
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Buffer level: | 91% of initial level
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Pricing date: | July 28
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Settlement date: | Aug. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133YSE5
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