New Issue: JPMorgan sells $705,000 capped bearish return enhanced notes on S&P

Chicago, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $705,000 of 0% capped bearish return enhanced notes due June 6, 2024 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.

If the index finishes below its initial level, investors will gain 3% for every 1% decline, subject to a maximum return of par plus 61.72%.

If the index gains, investors will lose 1% for every 1% gain, provided that the payout will not be less than zero.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped bearish return enhanced notes
Underlying index:	S&P 500 index
Amount:	$705,000
Maturity:	June 6, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3% for every 1% index decline, capped at par plus 61.72%; if index gains, 1% loss for every 1% gain, subject to floor of zero
Initial value:	4,115.24
Pricing date:	May 24, 2023
Settlement date:	May 30, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48133WVX3

© 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.