By William Gullotti
Buffalo, N.Y., Dec. 18 – JPMorgan Chase Financial Co. LLC priced $3.29 million of 0% autocallable return enhanced notes due Dec. 17, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 23.5% if the index closes at or above its initial level on Dec. 20, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain of the index.
Investors will be fully exposed to any index decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,289,000
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| Maturity: | Dec. 17, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus 200% of the gain; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 23.5% if index closes at or above initial level on Dec. 20, 2024
|
| Initial level: | 4,707.09
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48134RUG1
|
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