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Name | Symbol | Market | Type |
---|---|---|---|
JP Morgan Alerian MLP | AMEX:AMJ | AMEX | Bond |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 28.30 | 0 | 01:00:00 |
June 27, 2024
|
Registration Statement Nos. 333-270004 and 333-270004-01; Rule 424(b)(2)
|
JPMorgan Chase Financial Company LLC
Structured Investments
$3,375,000
Auto Callable Contingent Interest Notes Linked to the VanEck®
Gold Miners ETF due January 2, 2026
Fully and Unconditionally Guaranteed by JPMorgan Chase & Co.
●The notes are designed for investors who seek a Contingent Interest Payment with respect to each Review Date for which the
closing price of one share of the VanEck® Gold Miners ETF, which we refer to as the Fund, is greater than or equal to 70.00%
of the Initial Value, which we refer to as the Interest Barrier.
●The notes will be automatically called if the closing price of one share of the Fund on any Review Date (other than the first,
second, third, fourth, fifth and final Review Dates) is greater than or equal to the Initial Value.
●The earliest date on which an automatic call may be initiated is December 27, 2024.
●Investors should be willing to accept the risk of losing some or all of their principal and the risk that no Contingent Interest
Payment may be made with respect to some or all Review Dates.
●Investors should also be willing to forgo fixed interest and dividend payments, in exchange for the opportunity to receive
Contingent Interest Payments.
●The notes are unsecured and unsubordinated obligations of JPMorgan Chase Financial Company LLC, which we refer to as
JPMorgan Financial, the payment on which is fully and unconditionally guaranteed by JPMorgan Chase & Co. Any payment
on the notes is subject to the credit risk of JPMorgan Financial, as issuer of the notes, and the credit risk of
JPMorgan Chase & Co., as guarantor of the notes.
●Minimum denominations of $1,000 and integral multiples thereof
●The notes priced on June 27, 2024 and are expected to settle on or about July 2, 2024.
●CUSIP: 48135NCZ7
|
|
Price to Public (1)
|
Fees and Commissions (2)
|
Proceeds to Issuer
|
Per note
|
$1,000
|
$15
|
$985
|
Total
|
$3,375,000
|
$50,625
|
$3,324,375
|
(1) See “Supplemental Use of Proceeds” in this pricing supplement for information about the components of the price to public of the notes.
(2) J.P. Morgan Securities LLC, which we refer to as JPMS, acting as agent for JPMorgan Financial, will pay all of the selling commissions of
$15.00 per $1,000 principal amount note it receives from us to other affiliated or unaffiliated dealers. See “Plan of Distribution (Conflicts of
Interest)” in the accompanying product supplement.
|
Issuer: JPMorgan Chase Financial Company LLC, a direct,
wholly owned finance subsidiary of JPMorgan Chase & Co.
Guarantor: JPMorgan Chase & Co.
Fund: The VanEck® Gold Miners ETF (Bloomberg ticker: GDX)
Contingent Interest Payments:
If the notes have not been automatically called and the closing
price of one share of the Fund on any Review Date is greater
than or equal to the Interest Barrier, you will receive on the
applicable Interest Payment Date for each $1,000 principal
amount note a Contingent Interest Payment equal to $8.00
(equivalent to a Contingent Interest Rate of 9.60% per annum,
payable at a rate of 0.80% per month).
If the closing price of one share of the Fund on any Review Date
is less than the Interest Barrier, no Contingent Interest Payment
will be made with respect to that Review Date.
Contingent Interest Rate: 9.60% per annum, payable at a rate
of 0.80% per month
Interest Barrier/Trigger Value: 70.00% of the Initial Value,
which is $23.961
Pricing Date: June 27, 2024
Original Issue Date (Settlement Date): On or about July 2,
2024
Review Dates*: July 29, 2024, August 27, 2024, September 27,
2024, October 28, 2024, November 27, 2024, December 27,
2024, January 27, 2025, February 27, 2025, March 27, 2025,
April 28, 2025, May 27, 2025, June 27, 2025, July 28, 2025,
August 27, 2025, September 29, 2025, October 27, 2025,
November 28, 2025 and December 29, 2025 (final Review Date)
Interest Payment Dates*: August 1, 2024, August 30, 2024,
October 2, 2024, October 31, 2024, December 3, 2024, January
2, 2025, January 30, 2025, March 4, 2025, April 1, 2025, May 1,
2025, May 30, 2025, July 2, 2025, July 31, 2025, September 2,
2025, October 2, 2025, October 30, 2025, December 3, 2025
and the Maturity Date
Maturity Date*: January 2, 2026
Call Settlement Date*: If the notes are automatically called on
any Review Date (other than the first, second, third, fourth, fifth
and final Review Dates), the first Interest Payment Date
immediately following that Review Date
* Subject to postponement in the event of a market disruption event and
as described under “General Terms of Notes — Postponement of a
Determination Date — Notes Linked to a Single Underlying — Notes
Linked to a Single Underlying (Other Than a Commodity Index)” and
“General Terms of Notes — Postponement of a Payment Date” in the
accompanying product supplement
|
Automatic Call:
If the closing price of one share of the Fund on any Review Date
(other than the first, second, third, fourth, fifth and final Review
Dates) is greater than or equal to the Initial Value, the notes will
be automatically called for a cash payment, for each $1,000
principal amount note, equal to (a) $1,000 plus (b) the
Contingent Interest Payment applicable to that Review Date,
payable on the applicable Call Settlement Date. No further
payments will be made on the notes.
Payment at Maturity:
If the notes have not been automatically called and the Final
Value is greater than or equal to the Trigger Value, you will
receive a cash payment at maturity, for each $1,000 principal
amount note, equal to (a) $1,000 plus (b) the Contingent Interest
Payment applicable to the final Review Date.
If the notes have not been automatically called and the Final
Value is less than the Trigger Value, your payment at maturity
per $1,000 principal amount note will be calculated as follows:
$1,000 + ($1,000 × Fund Return)
If the notes have not been automatically called and the Final
Value is less than the Trigger Value, you will lose more than
30.00% of your principal amount at maturity and could lose all of
your principal amount at maturity.
Fund Return:
(Final Value – Initial Value)
Initial Value
Initial Value: The closing price of one share of the Fund on the
Pricing Date, which was $34.23
Final Value: The closing price of one share of the Fund on the
final Review Date
Share Adjustment Factor: The Share Adjustment Factor is
referenced in determining the closing price of one share of the
Fund and is set equal to 1.0 on the Pricing Date. The Share
Adjustment Factor is subject to adjustment upon the occurrence
of certain events affecting the Fund. See “The Underlyings —
Funds — Anti-Dilution Adjustments” in the accompanying
product supplement for further information.
|
PS-1 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-2 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
Number of Contingent
Interest Payments
|
Total Contingent Interest
Payments
|
18
|
$144.00
|
17
|
$136.00
|
16
|
$128.00
|
15
|
$120.00
|
14
|
$112.00
|
13
|
$104.00
|
12
|
$96.00
|
11
|
$88.00
|
10
|
$80.00
|
9
|
$72.00
|
8
|
$64.00
|
7
|
$56.00
|
6
|
$48.00
|
5
|
$40.00
|
4
|
$32.00
|
3
|
$24.00
|
2
|
$16.00
|
1
|
$8.00
|
0
|
$0.00
|
PS-3 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
Date
|
Closing Price
|
Payment (per $1,000 principal amount note)
|
First Review Date
|
$105.00
|
$8.00
|
Second Review Date
|
$110.00
|
$8.00
|
Third Review Date
|
$110.00
|
$8.00
|
Fourth Review Date
|
$105.00
|
$8.00
|
Fifth Review Date
|
$110.00
|
$8.00
|
Sixth Review Date
|
$120.00
|
$1,008.00
|
Total Payment
|
$1,048.00 (4.80% return)
|
Date
|
Closing Price
|
Payment (per $1,000 principal amount note)
|
First Review Date
|
$95.00
|
$8.00
|
Second Review Date
|
$85.00
|
$8.00
|
Third through
Seventeenth Review
Dates
|
Less than Interest Barrier
|
$0
|
Final Review Date
|
$90.00
|
$1,008.00
|
Total Payment
|
$1,024.00 (2.40% return)
|
Date
|
Closing Price
|
Payment (per $1,000 principal amount note)
|
First Review Date
|
$60.00
|
$0
|
Second Review Date
|
$65.00
|
$0
|
Third through
Seventeenth Review
Dates
|
Less than Interest Barrier
|
$0
|
Final Review Date
|
$60.00
|
$600.00
|
Total Payment
|
$600.00 (-40.00% return)
|
PS-4 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-5 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-6 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-7 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
Historical Performance of the VanEck® Gold Miners ETF
Source: Bloomberg
|
PS-8 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-9 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-10 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
PS-11 | Structured Investments
|
|
Auto Callable Contingent Interest Notes Linked to the VanEck® Gold Miners
ETF
|
Exhibit 107.1
The pricing supplement to which this Exhibit is attached is a final prospectus for the related offering(s). The maximum aggregate offering price of the related offering(s) is $3,375,000.
1 Year JP Morgan Alerian MLP Chart |
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