Chicago, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $750,000 of 0% autocallable buffered return enhanced notes due June 5, 2025 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on June 3, 2024 at a premium of 14.65% if the ETF closes above its initial value.
If the ETF gains the payout will be par plus 150% of the ETF return. Investors will receive par if the ETF declines but ends at or above its 20% contingent buffer and they will be fully exposed to the loss of the ETF if it 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered return enhanced notes
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| Underlying ETF: | Financial Select Sector SPDR Fund
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| Amount: | $750,000
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| Maturity: | June 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains par plus 150% of ETF return; par if ETF declines but by no more than 20% contingent buffer; full exposure to loss if ETF declines beyond the buffer
|
| Call: | Automatically on June 3, 2024 at a premium of 14.65% if the ETF closes above its initial value
|
| Initial level: | $32.10
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| Upside leverage: | 150%
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| Contingent buffer: | 20%
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| Pricing date: | June 2, 2023
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| Settlement date: | June 7, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
|
| Cusip: | 48133XMP8
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