By William Gullotti
Buffalo, N.Y., March 23 – JPMorgan Chase Financial Co. LLC priced $4.05 million of 0% autocallable lookback buffered return enhanced notes due May 22, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 14.5% if the index closes at or above its initial level on May 17, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the gain of the index.
Investors will receive par if the index falls by up to 25%. Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
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.
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| Issue: | Autocallable lookback buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50 index
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| Amount: | $4,046,000
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| Maturity: | May 22, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above initial level, par plus 1.5 times the gain; par if index falls by up to 25%; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 14.5% if index closes at or above initial level on May 17, 2024
|
| Initial level: | Lowest closing level of the index on any trading day from and including the pricing date to and including March 31; initial level will be no greater than 4,064.99, the index’s closing level on the pricing date
|
| Buffer level: | 75% of initial level
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| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.58%
|
| Cusip: | 48133VBX7
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