By Wendy Van Sickle
Columbus, Ohio, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $14.33 million of autocallable contingent buffered equity notes due Jan. 19, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 9.35% ccall premium if the index closes at or above its initial level on Jan. 27, 2023.
If the index finishes above its initial level, the payout at maturity will be par plus the greater of 18.7% and the gain of the index.
If the index falls but by no more than 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered equity notes
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| Underlying index: | S&P 500
|
| Amount: | $14.33 million
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| Maturity: | Jan. 19, 2024
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If index finishes above its initial level, par plus greater of gain of index and 18.7%; if index falls by up to 15%, par; otherwise, 1% loss for each 1% decline of index from initial level
|
| Call: | At par plus 9.35% call premium if index closes at or above initial level on Jan. 27, 2023
|
| Initial levels: | 4,662.85
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| Contingent buffer level: | 85%
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| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133CQW5
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