New York, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $1.98 million of 0% autocallable accelerated barrier notes due Aug. 5, 2026 linked to the common stock of Pfizer Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 15% if the stock closes at or above its initial value on July 31, 2024.
If the stock gains, the payout at maturity will be par plus 200% of the stock return.
Investors will receive par if the stock declines but ends at or above its 75% barrier and will lose 1% for every 1% that the stock 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 stock: | Pfizer Inc.
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| Amount: | $1,984,000
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| Maturity: | Aug. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its initial value, par plus 200% of stock return; if stock declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that stock declines from initial level
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| Call: | Automatically at a premium of 15% if the stock closes at or above its initial value on July 31, 2024
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| Initial level: | $36.06
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| Upside leverage: | 200%
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| Downside threshold: | $27.045, 75% of initial level
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133YB78
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