Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% capped buffered return enhanced notes due Dec. 21, 2023 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus 125% of the return of the ETF capped at par plus 25%. The payout will be par if the ETF declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the ETF declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $750,000
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| Maturity: | Dec. 21, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus 125% of ETF return capped at par plus 25%; par if ETF declines but by no more than 15% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Initial level: | $30.93
|
| Buffer level: | 85% of initial level
|
| Upside leverage: | 125%
|
| Cap: | 25%
|
| Buffer: | 15%
|
| Pricing date: | June 17, 2022
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| Settlement date: | June 23, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133G6K4
|
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