By William Gullotti
Buffalo, N.Y., March 29 – JPMorgan Chase Financial Co. LLC priced $12.91 million of 0% contingent digital buffered notes due April 13, 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.
If the index gains, finishes flat or falls by up to 15%, payout at maturity will be par plus 7.05%. Otherwise, investors will lose 1.17647% for every 1% decline beyond 15%.
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: | Contingent digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $12.91 million
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| Maturity: | April 13, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 7.05% unless index falls by more than 15%, in which case lose 1.17647% for every 1% decline beyond 15%
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| Initial level: | 4,543.06
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| Buffer level: | 85% of initial level
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| Final level: | Average of index closing levels for five trading days ending April 10, 2023
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133D5B2
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