Chicago, May 18 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped dual directional buffered equity notes due June 27, 2024 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus the worst performing asset return capped at par plus 19.35%.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but by no more than the 30% buffer.
Investors will lose 1% for every 1% that the worst performing asset declines beyond the buffer.
The securities 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional buffered equity notes
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Underlying assets: | Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust
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Amount: | $500,000
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Maturity: | June 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains par plus worst performing asset return capped at par plus 19.35%; par plus absolute value of worst performing asset return if worst performing asset declines but by no more than 30% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
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Call: | Non-callable
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Initial levels: | 12,105.85 for Nasdaq-100, 1,765.737 for Russell 2000, $390.08 for SPDR S&P 500
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Buffer levels: | 70% of initial levels
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Cap: | 19.35%
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Buffer: | 30%
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Pricing date: | June 24, 2022
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Settlement date: | June 29, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48133GM34
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