By Kiku Steinfeld
Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $307,000 of 0% capped lookback buffered return enhanced notes due April 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The initial index level will be the lowest closing level of the index during the month-long period from the March 28, 2023 pricing date to April 28, 2023, but it will not be greater than 3,971.27, the closing level of the index on the pricing date.
The payout at maturity will be par plus any index gain, capped at par plus 30%.
If the index finishes flat or falls by up to 20%, the payout with be par.
Investors will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped lookback buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $307,000
|
| Maturity: | April 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 30%; par if index finishes flat or falls by up to 20%, exposure to any losses beyond buffer
|
| Initial index level: | Lowest closing level of index during period from and including pricing date to and including April 28, 2023; level will not be set any higher than 3,971.27
|
| Buffer level: | 80% of initial level
|
| Final index level: | Closing level of index on March 30, 2026
|
| Pricing date: | March 28, 2023
|
| Settlement date: | March 31, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48133UUZ3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
