By Kiku Steinfeld
Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $715,000 of 0% digital dual directional buffered notes due Dec. 7, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus 6.5%.
If the index declines up to 25%, the payout at maturity will be par plus the absolute value of the index’s return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
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: | Digital dual directional buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $715,000
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| Maturity: | Dec. 7, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus 6.5%; if the index declines by up to 25%, par plus the absolute value of the index’s return; otherwise, 1% loss for every 1% that the index declines beyond 25%
|
| Initial level: | 3,770.55
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| Buffer level: | 75% of initial level
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| Pricing date: | Nov. 4, 2022
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| Settlement date: | Nov. 9, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
|
| Cusip: | 48133PNP4
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