By Wendy Van Sickle
Columbus, Ohio, July 28 – JPMorgan Chase Financial Co. LLC priced $4.22 million of 0% autocallable lookback buffered return enhanced notes due Sept. 26, 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 initial index level will be the lowest closing level of the index during the period from and including July 21 to and including Sept. 21.
The notes will be called at par plus 11.6% if the index closes at or above its initial level on Sept. 21, 2023.
The payout at maturity will be par plus 1.5 times any index gain.
If the index finishes flat or falls by up to 25%, the payout with be par.
Investors will be exposed to any losses of the index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable lookback buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $4.22 million
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| Maturity: | Sept. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 11.6% if index closes at or above initial level on Sept. 21, 2023
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| Payout at maturity: | Par plus 1.5 times any index gain; par if index finishes flat or falls by up to 25%; otherwise exposure to any losses
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| Initial index level: | Lowest closing level of index during period from and including July 21 to and including Sept. 21
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| Final index level: | Closing level of index on Sept. 23, 2024
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| Pricing date: | July 26
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| Settlement date: | July 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.58%
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| Cusip: | 48133L3N0
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