By Kiku Steinfeld
Chicago, Nov. 12 – JPMorgan Chase Financial Co. LLC priced $800,000 of 0% capped lookback return enhanced notes due Nov. 3, 2022 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 initial index level will be the lowest closing level of the index during the period from and including the pricing date to and including Nov. 13, but it will not be greater than the closing level of the index on the pricing date.
The payout at maturity will be par plus 200% of any index gain, capped at par plus 16%
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped lookback return enhanced notes
|
| Underlying index: | S&P 500 index
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| Amount: | $800,000
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| Maturity: | Nov. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 16%; exposure to any losses
|
| Initial index level: | Lowest closing level of index during period from and including pricing date to and including Nov. 13; will be no greater than 3,269.96
|
| Final index level: Closing level of index on Oct. 31, 2022
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48132PQZ0
|
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