By Kiku Steinfeld
Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% bearish review notes due June 27, 2024 based on the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus an annualized call premium of 33.83% if the index closes at or below its initial level on any monthly observation date after three months.
If the notes are not called at maturity and the index closes at or below 120% of its initial level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index finishes above the 120% barrier level.
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: | Bearish review notes
|
| Underlying index: | Nasdaq-100 index
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| Amount: | $500,000
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| Maturity: | June 27, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if notes are not called and index closes at or below 120% of its initial level; otherwise, lose 1% for every 1% gain of the index above the 120% barrier level
|
| Call: | Automatically at par plus an annualized call premium of 33.83% if the index closes at or below its initial level on any monthly observation date after three months
|
| Initial level: | 15,275.076
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| Barrier level: | 120% of initial level
|
| Pricing date: | March 24, 2023
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| Settlement date: | March 29, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133VHP8
|
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