By Kiku Steinfeld
Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $525,000 of 0% capped dual directional barrier notes due July 18, 2024 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 8.82%.
The payout will be par plus 100% of the absolute value of the index return if the index declines but ends above the 75% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional barrier notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $525,000
|
| Maturity: | July 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus index return capped at par plus 8.82%; par plus 100% of absolute value of index return if index declines but ends above 75% barrier; 1% loss for every 1% that index declines if it ends below the barrier
|
| Call: | Non-callable
|
| Initial level: | 4,425.84
|
| Cap: | 8.82%
|
| Barrier: | 3,319.38, 75% of initial level
|
| Pricing date: | June 16, 2023
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| Settlement date: | June 22, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133XVT0
|
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