By Angela McDaniels
Tacoma, Wash., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $1.75 million of 0% autocallable lookback buffered return enhanced notes due June 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the lowest closing level of the index during the period from and including the strike date, March 29, 2023, to and including May 3, 2023.
The notes will be automatically called at par plus 12.46% if the index closes at or above the initial index level on May 29, 2024.
If the notes have not been automatically called and the final index level is greater than the initial index level, the payout at maturity will be par plus 1.5 times the index return.
If the final index level is equal to the initial index level or is less than the initial index level by up to 25%, the payout will be par.
If the final index level is less than the initial index level by more than 25%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The notes are guaranteed by JPMorgan Chase & Co.
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 index
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| Amount: | $1.75 million
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| Maturity: | June 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level is greater than initial level, par plus 1.5 times index return; if final level is equal to initial level or is less than initial level by up to 25%, par; otherwise, 1% loss for every 1% that final level is less than initial level
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| Call: | Automatically at par plus 12.46% if index closes at or above initial index level on May 29, 2024
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| Initial level: | Lowest closing index level from and including March 29, 2023 to and including May 3, 2023
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| Barrier level: | 75% of initial level
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| Strike date: | March 29
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| Pricing date: | March 30
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| Settlement date: | April 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.58%
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| Cusip: | 48133VNF3
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