By Kiku Steinfeld
Chicago, May 25 – JPMorgan Chase Financial Co. LLC priced $615,000 of 0% dual directional notes due Feb. 23, 2024 linked to the performance of the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any index gain.
If the index falls flat or declines by no more than the absolute return barrier, 20% of initial level, investors will receive par plus half of the return’s absolute value.
Otherwise, investors will receive par.
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: | Dual directional notes
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Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
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Amount: | $615,000
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Maturity: | Feb. 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any gain; if index falls flat or declines by 20%, par plus half of absolute value of return; otherwise, par
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Initial level: | 158.06
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Barrier level: | 126.448, 80% of initial level
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Pricing date: | Jan. 18, 2023
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Settlement date: | Jan. 23, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.35%
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Cusip: | 48133TWM3
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