By Susanna Moon
Chicago, Jan. 4 – JPMorgan Chase Financial Co. LLC priced $9.11 million of 0% trigger Performance Leveraged Upside Securities due Jan. 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 262.5% of the index gain.
If the index falls by up to 35%, the payout will be par.
If the index finishes below its 65% trigger level, investors will lose 1% for each 1% decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $9,111,520
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| Maturity: | Jan. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 262.5% of return; if index declines by 35% or less, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 3,524.31
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| Trigger level: | 2,290.8015, 65% of initial level
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 3
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 3%
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| Cusip: | 48129K670
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