By Marisa Wong
Los Angeles, March 6 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% capped buffered return enhanced notes due March 2, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum payout of par plus 20.22%.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
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 return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $2.5 million
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| Maturity: | March 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 20.22%; par if index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
|
| Initial index level: | 2,954.22
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| Final level: | Average of index closing levels on five trading days ending Feb. 27, 2023
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| Pricing date: | Feb. 28
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| Settlement date: | March 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132HK27
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