By Kiku Steinfeld
Chicago, Oct. 9 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% capped dual directional barrier notes due May 28, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus the index return capped at par plus 62.5%.
The payout will be par plus 110% of the absolute value of the index return if the index declines but ends above the 70% barrier.
Investors will lose 1% for every 1% that the index declines if it finishes below the barrier.
The securities are non-callable.
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: | Capped dual directional barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $850,000
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| Maturity: | May 28, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus index return capped at par plus 62.5%; par plus 110% of absolute value of index return if index declines but ands above 70% barrier; 1% loss for every 1% that index declines if it ends below the barrier
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| Call: | Non-callable
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| Initial level: | 3,948.72
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| Cap: | 62.5%
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| Barrier: | 2,764.104, 70% of initial level
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| Pricing date: | March 23, 2023
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| Settlement date: | March 28, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
|
| Cusip: | 48133VGA2
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