By Wendy Van Sickle
Columbus, Ohio, April 26 – JPMorgan Chase Financial Co. LLC priced $6.69 million of 0% capped dual directional contingent buffered equity notes due May 10, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus the gain of the index, capped at 7%.
If the index falls but by no more than 25.35%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $6,685,000
|
| Maturity: | May 10, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above its initial level, par plus gain of index, capped at 7%; if index falls by up to 25.35%, par plus absolute value of return; otherwise, 1% loss for each 1% decline of index from initial level
|
| Initial level: | 4,271.78
|
| Final level: | Average of index closing levels for five trading days ending May 5, 2023
|
| Buffer level: | 74.65% of initial level
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133FQK4
|
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