By Kiku Steinfeld
Chicago, Sept. 3 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% autocallable buffered enhanced participation equity notes due Aug. 23, 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 notes will be automatically called at par plus 4.92% if the index is at or above the initial level on the Aug. 29, 2022 review date.
If the notes are not called, the payout at maturity will be par plus two times any gain in the index.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered enhanced participation equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $3 million
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| Maturity: | Aug. 23, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times any gain in the index; par if index declines by up to 10%; 1.1111% loss for every 1% index decline beyond 10%
|
| Call: | At par plus 4.92% if the index is at or above initial level on Aug. 29, 2022
|
| Initial level: | 4,405.80
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| Buffer level: | 90% of initial level
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132WCK3
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