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Published on 4/22/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $433,000 uncapped buffered return enhanced notes on S&P indexes

Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $433,000 of 0% uncapped buffered return enhanced notes due Jan. 29, 2029 linked to the least performing of the S&P 500 Equal Weight index, S&P 500 Growth index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 159.25% of the return of the worst performing index. The payout will be par if the worst performing index declines but by no more than the 20% buffer. Investors will lose 1.25% for every 1% that the worst performing index declines beyond the buffer.

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:Uncapped buffered return enhanced notes
Underlying indexes:S&P 500 Equal Weight index, S&P 500 Growth index and S&P 500 index
Amount:$433,000
Maturity:Jan. 29, 2029
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains par plus 159.25% of worst performing index return; par if worst performing index declines but by no more than 20% buffer; 1.25% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:6,323.42 for S&P 500 Equal Weight, 3,164.71973 for S&P 500 Growth, 4,868.55 for S&P 500
Upside leverage:159.25%
Buffer level:80% of initial level
Downside leverage:125%
Cap:None
Buffer:20%
Pricing date:Jan. 24
Settlement date:Jan. 29
Agent:J.P. Morgan Securities LLC
Fees:0.3%
Cusip:48134TG99

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