New York, June 9 – JPMorgan Chase Financial Co. LLC priced $23.87 million of 0% autocallable buffered return enhanced notes due June 8, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 120% of the index return. Investors will receive par if the index declines but ends at or above its 20% buffer and they will lose 1% for every 1% that the index declines beyond the buffer.
The notes will be called automatically on June 9, 2023 at a premium of 14.15% if the index closes above 100% of its initial value.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Autocallable buffered return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $23,865,000
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Maturity: | June 8, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 120% of index return; par if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
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Initial level: | 4,108.54
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Upside leverage: | 120%
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Buffer: | 20%
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Call: | Automatically on June 9, 2023 at a premium of 14.15% if the index closes above 100% of its initial value
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Pricing date: | June 3
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Settlement date: | June 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133GDC4
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