By William Gullotti
Buffalo, N.Y., Nov. 4 – JPMorgan Chase Financial Co. LLC priced $4.54 million of 0% autocallable buffered equity notes due Nov. 2, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a 23% call premium if each underlier closes at or above 110% of its initial level on Oct. 31, 2022.
If each underlier finishes at or above its initial level, the payout at maturity will be par plus the gain of the lesser performing underlier.
Investors will receive par if the lesser performing underlier falls by up to 10%.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond the 10% 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: | Autocallable buffered equity notes
|
| Underlying assets: | S&P 500 index, Russell 2000 Value ETF
|
| Amount: | $4,536,000
|
| Maturity: | Nov. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes at or above initial level, par plus the gain of the lesser performing underlier; par if worse performing underlier falls by up to 10%; otherwise, 1% loss for each 1% decline of worst performer beyond 10% buffer
|
| Call: | At par plus 23% if each underlier closes at or above 110% of its initial level on Oct. 31, 2022
|
| Initial levels: | $166.66 for ETF, 4,596.42 for S&P
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Oct. 28
|
| Settlement date: | Nov. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48132YGN9
|
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