By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $605,000 of 0% capped buffered equity notes due Feb. 16, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser performing index’s return, capped at par plus 13.4%.
If the final level of the lesser performing index declines, but not more than 25%, the payout will be par.
If the final level of the worst performer is less than its initial level by more than 25%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 25%.
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: | Capped buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $605,000
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| Maturity: | Feb. 16, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser performing index’s return, capped at par plus 13.4%; if the final level of worst performer declines but not more than 25%, the payout will be par; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 25%
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| Initial levels: | 3,916.38 for S&P and 2,285.317 for Russell
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| Buffer levels: | 75% of initial levels
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| Pricing date: | Feb. 11
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| Settlement date: | Feb. 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132R3K4
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