Chicago, March 13 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% autocallable dual directional buffered return enhanced notes due May 16, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on May 17, 2023 at a premium of 8.3% if the index closes above 100% of its initial value.
If the index gains the payout will be par plus 150% of the index return.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
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: | Autocallable dual directional buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $400,000
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| Maturity: | May 16, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 150% of index return; par plus absolute value of index return if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
|
| Call: | Automatically on May 17, 2023 at a premium of 8.3% if the index closes above 100% of its initial value
|
| Initial level: | 4,088.85
|
| Upside leverage: | 150%
|
| Cap: | None
|
| Buffer: | 20%
|
| Pricing date: | May 17, 2022
|
| Settlement date: | May 20, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48133GDX8
|
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