New York, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $4.2 million of 0% autocallable buffered return enhanced notes due Feb. 13, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 16.05% if the index closes at or above its initial value on Feb. 22, 2024.
If the index gains, the payout will be par plus 200% of the index return.
Investors will receive par if the index declines by no more than 15% and will be fully exposed to the loss of the index if it declines beyond 15%.
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 return enhanced notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $4.2 million
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| Maturity: | Feb. 13, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 200% of index return; par if index declines by no more than 15%; otherwise, full exposure to index decline from initial level
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| Call: | Automatically at a premium of 16.05% if the index closes at or above its initial value on Feb. 22, 2024
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| Initial level: | 4,209.15
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| Upside leverage: | 200%
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| Contingent buffer: | 15%
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133UCP5
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