New York, Nov. 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% autocallable accelerated barrier notes due Nov. 27, 2026 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Dec. 2, 2024 at a premium of 21% if the ETF closes at or above its initial value.
If the ETF gains, the payout will be par plus 200% of the ETF return.
Investors will receive par if the ETF declines but ends at or above its 75% barrier and will lose 1% for every 1% that the ETF declines if it finishes below the barrier level.
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 accelerated barrier notes
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| Underlying ETF: | SPDR S&P Regional Banking ETF
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| Amount: | $1,001,000
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| Maturity: | Nov. 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its initial value, par plus 200% of ETF return; if ETF declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that ETF declines from initial level
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| Call: | Automatically on Dec. 2, 2024 at a premium of 21% if the ETF closes at or above its initial value
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| Initial level: | $44.15
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| Upside leverage: | 200%
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| Downside threshold: | $33.1125, 75% of initial level
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| Strike date: | Nov. 21
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| Pricing date: | Nov. 22
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| Settlement date: | Nov. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134RSD1
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