By Kiku Steinfeld
Chicago, July 22 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% autocallable buffered return enhanced notes due Jan. 8, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus 200% of the index return. Investors will receive par if the index declines but ends at or above its 15% contingent buffer and they will be fully exposed to the loss of the index if it declines beyond the buffer.
The notes will be called automatically on Jan. 13, 2023 at a premium of 11.15% if the index closes at or above its initial value.
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: | Autocallable buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $250,000
|
| Maturity: | Jan. 8, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 200% of index return; par if index declines but by no more than 15% contingent buffer; full exposure to loss if index declines beyond the buffer
|
| Initial level: | 4,306.07
|
| Upside leverage: | 200%
|
| Contingent buffer: | 15%
|
| Call: | Automatically on Jan. 13, 2023 at a premium of 11.15% if the index closes at or above its initial value
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133CHC9
|
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