New York, Aug. 12 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% autocallable buffered return enhanced notes due Oct. 15, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Aug. 9, 2023 at a premium of 14.15% if the index closes at or above its initial value.
If the index gains, the payout will be par plus 150% of the index return.
Investors will receive par if the index declines but ends at or above its 25% contingent buffer and will be fully exposed to the loss of the index if it declines beyond the 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 return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,001,000
|
| Maturity: | Oct. 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 150% of index return; par if index declines by no more than 25%; otherwise, full exposure to index decline from initial level
|
| Call: | Automatically on Aug. 9, 2023 at a premium of 14.15% if the index closes at or above its initial value
|
| Initial level: | 4,122.47
|
| Upside leverage: | 150%
|
| Contingent buffer: | 25%
|
| Strike date: | Aug. 9
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.58%
|
| Cusip: | 48133MFZ8
|
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