Chicago, Aug. 28 – JPMorgan Chase Financial Co. LLC priced $975,000 of yield notes due Aug. 20, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.75%, paid monthly.
If the ETF gains or ends above its 20% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the ETF beyond its buffer.
The notes are non-callable.
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: | Yield notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $975,000
|
| Maturity: | Aug. 20, 2024
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| Coupon: | 5.75% annual rate, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above its 20% buffer, par; otherwise, 1% loss for every 1% that ETF declines beyond its buffer
|
| Initial level: | $428.86
|
| Buffer level: | 80% of initial level
|
| Buffer: | 20%
|
| Call: | Non-callable
|
| Pricing date: | Aug. 15, 2022
|
| Settlement date: | Aug. 18, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.7%
|
| Cusip: | 48133MGZ7
|
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