New York, Oct. 24 – JPMorgan Chase Financial Co. LLC priced $7.48 million of 0% PLUS due Nov. 21, 2024 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 300% of the ETF return, subject to a maximum return of par plus 36%.
Investors will be fully exposed to any decline of the ETF.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | PLUS
|
| Underlying ETF: | VanEck Gold Miners ETF
|
| Amount: | $7,484,000
|
| Maturity: | Nov. 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 300% of ETF return, subject to a maximum return of par plus 36%; otherwise, full exposure to decline
|
| Initial level: | $29.45
|
| Upside leverage: | 300%
|
| Cap: | 36%
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley
|
| Fees: | 2.25% including a structuring fee of 0.5%
|
| Cusip: | 48134BQQ9
|
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