By Kiku Steinfeld
Chicago, Nov. 11 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% review notes due March 14, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends above its 80% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.
The notes will be called automatically starting March 14, 2023 at par and on any subsequent annual review date at a premium of 9.8% per year 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,315,000
|
| Maturity: | March 14, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Initial level: | 4,204.31
|
| Downside threshold: | 3,363.448, 80% of initial level
|
| Call: | Automatically starting March 14, 2023 at par and on any subsequent annual review date at a premium of 9.8% per year if the index closes above 100% of its initial value
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48133DWB2
|
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