Chicago, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable contingent buffered equity notes due Aug. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Sept. 7, 2023 at a premium of 11.4% if the index closes above its initial value.
If the index gains or declines by no more than the 15% contingent buffer the payout will be par plus the greater of the index return and 22.8%. If the index declines by more than the contingent buffer investors will be fully exposed to the decline of the index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered equity notes
|
| Underlying index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | Aug. 29, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains or declines by no more than contingent buffer, par plus greater of index return and 22.8%; 1% loss for every 1% that index declines if it loses more than contingent buffer
|
| Initial level: | 4,199.12
|
| Contingent minimum return: | 22.8%
|
| Contingent buffer: | 15%
|
| Call: | Automatically on Sept. 7, 2023 at a premium of 11.4% if the index closes above its initial value
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133MUZ1
|
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