By Kiku Steinfeld
Chicago, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% autocallable enhanced participation equity notes due Feb. 16, 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 automatically called at par plus 12.45% call premium if the index closes at or above initial level on Feb. 22, 2023.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.25 times the index return.
Investors will be fully exposed to any index decline.
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 enhanced participation equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | Feb. 16, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.25 times the gain; otherwise, full exposure to losses
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| Call: | Automatically at par plus a 12.45% call premium if the index closes at or above initial level on Feb. 22, 2023
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| Initial level: | 4,401.67
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
|
| Cusip: | 48133DAD2
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