By Kiku Steinfeld
Chicago, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped dual directional buffered return enhanced notes due Aug. 28, 2025 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 1.25 times any appreciation of the index capped at par plus 24.3%.
The payout will be par plus 1.25 times 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 securities are non-callable.
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: | Capped dual directional buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2 million
|
| Maturity: | Aug. 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.25 times any appreciation of index capped at par plus 24.3%; par plus 1.25 times 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: | Non-callable
|
| Initial level: | 3,970.04
|
| Cap: | 24.3%
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| Buffer: | 20%
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| Pricing date: | Feb. 24, 2023
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| Settlement date: | Feb. 28, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.35%
|
| Cusip: | 48133UN57
|
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