By William Gullotti
Buffalo, N.Y., Nov. 13 – JPMorgan Chase Financial Co. LLC priced $1.71 million of 0% autocallable capped buffered return enhanced notes due Nov. 6, 2025 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an 8% call return if each index closes at or above its initial level on Nov. 11, 2024.
If each index finishes above its initial level, the payout at maturity will be par plus double the gain of the worse performing index, subject to a maximum return of par plus 43%.
Investors will receive par if any index falls by up to 15% and will lose 1% for every 1% decline of the worse performing index beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable capped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 index, Dow Jones industrial average
|
| Amount: | $1,707,000
|
| Maturity: | Nov. 6, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus two times the gain of the worse performing index, capped at par plus 43%; par if any index falls by up to 15%; otherwise, 1% loss for every 1% decline of the worse performing index beyond 15%
|
| Call: | At par plus an 8% call return if each index closes at or above its initial level on Nov. 11, 2024
|
| Initial levels: | 34,061.32 for Dow, 4,358.34 for S&P
|
| Buffer levels: | 85% of initial level
|
| Pricing date: | Nov. 3
|
| Settlement date: | Nov. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.45%
|
| Cusip: | 48134BJ61
|
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