By Kiku Steinfeld
Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $646,000 of yield notes due April 30, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.1%, paid quarterly.
If the index gains or ends above its 15% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the index 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 index: | Russell 2000 index
|
| Amount: | $646,000
|
| Maturity: | April 30, 2025
|
| Coupon: | 6.1%, paid quarterly
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its 15% buffer, par; otherwise 1% loss for every 1% that index declines beyond its buffer
|
| Initial level: | 1,745.952
|
| Buffer: | 15%
|
| Call: | Non-callable
|
| Pricing date: | April 25, 2023
|
| Settlement date: | April 28, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48133VNX4
|
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