Chicago, Nov. 30 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped dual directional barrier notes due Nov. 29, 2023 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 the index return capped at par plus 10.85%.
The payout will be par plus the absolute value of the index return if the index declines but ends above the 70% barrier.
Investors will lose 1% for every 1% that the index declines if it finishes below the barrier.
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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped dual directional barrier notes
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Underlying index: | S&P 500 index
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Amount: | $500,000
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Maturity: | Nov. 29, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus index return capped at par plus 10.85%; par plus absolute value of index return if index declines but ends above 70% barrier; 1% loss for every 1% that index declines if it ends below the barrier
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Call: | Non-callable
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Initial level: | 3,797.34
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Barrier level: | 2,658.138, 70% of initial level
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Cap: | 10.85%
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Pricing date: | Oct. 24, 2022
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Settlement date: | Oct. 27, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133NS74
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