Chicago, Aug. 21 – JPMorgan Chase Financial Co. LLC priced $890,000 of 0% uncapped buffered digital notes due Aug. 6, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above 115% of its initial level, the payout at maturity will be par plus 15% and then an additional 1.0455% for each 1% gain above the 115% level.
If the index return is positive but not quite 115% of the initial level, the payout will be par plus the 15% digital return.
The payout will be par if the index declines but not more than 15%.
Otherwise, investors will lose 1% for each 1% decline beyond the 15% buffer.
The notes 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $890,000
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| Maturity: | Aug. 6, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 15% digital return plus 1.0455% for each 1% gain over 115% of initial level; par plus 15% digital return for positive return between 100% and 115% of initial level; par if index declines but not more than 15%; 1% loss for each 1% decline beyond 15% buffer
|
| Initial level: | 4,091.19
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| Upside threshold: | 115% of initial level
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| Buffer: | 15%
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| Call: | Non-callable
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| Pricing date: | Aug. 2, 2022
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| Settlement date: | Aug. 5, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133LB27
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