New York, Nov. 15 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due Jan. 23, 2025 linked to the SPDR Dow Jones industrial average ETF Trust, the SPDR S&P 500 ETF Trust and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF finishes at or above 75% of initial level, the payout at maturity will be par plus 10%.
Otherwise, investors will lose 1.33333% for every 1% decline of the worst performing ETF beyond 25%.
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: | Buffered digital notes
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| Underlying ETFs: | SPDR Dow Jones industrial average ETF Trust, SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF
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| Amount: | $1 million
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| Maturity: | Jan. 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above 75% of initial level, par plus 10%; otherwise, lose 1.33333% for every 1% decline of the worst performing ETF beyond 25%
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| Initial levels: | $343.01 for SPDR Dow Jones industrial average, $440.61 for SPDR S&P 500, $169.11 for iShares Russell 2000 ETF
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| Buffer: | 25%
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| Downside leverage: | 133.333%
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| Pricing date: | Nov. 10
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| Settlement date: | Nov. 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48134RJP4
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