New York, Nov. 20 – JPMorgan Chase Financial Co. LLC priced $1.62 million of 0% autocallable buffered return enhanced notes due Nov. 20, 2025 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 16.25% if the ETF closes at or above its initial value on Nov. 18, 2024.
If the ETF gains, the payout will be par plus 150% of the ETF return.
Investors will receive par if the ETF declines by no more than 20% and will lose 1% for every 1% that the ETF declines beyond 20%.
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 ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $1,621,000
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| Maturity: | Nov. 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 150% of ETF return; par if ETF declines by no more than 20%; otherwise, 1% loss for every 1% that ETF declines beyond 20%
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| Call: | Automatically at a premium of 16.25% if the ETF closes at or above its initial value on Nov. 18, 2024
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| Initial level: | $140.71
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| Upside leverage: | 150%
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| Buffer: | 20%
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
|
| Cusip: | 48134RME5
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