By Marisa Wong
Morgantown, W.Va., June 21 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% notes due June 20, 2023 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity for each $1,000 principal amount will be $985 plus an additional amount. The additional amount is equal to the index return, subject to a floor of zero. Investors will receive less than par if the index does not gain by at least 1.5%.
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: | Notes
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| Underlying index: | Bloomberg Commodity Index 3 Month Forward
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| Amount: | $1 million
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| Maturity: | June 20, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | $985 plus an additional amount equal to the index return, subject to a floor of 98.5% of par
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| Initial level: | 210.4623
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| Final level: | Average of closing levels on five trading days ending June 15, 2023
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| Pricing date: | June 15
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| Settlement date: | June 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 46647MSA2
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