By Kiku Steinfeld
Chicago, May 12 – JPMorgan Chase Financial Co. LLC priced $640,000 of yield notes due April 10, 2024 linked to the SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.5%, paid quarterly.
If the worst performing ETF gains or ends above its 25% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the worst performing ETF beyond its 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: | Yield notes
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Underlying ETFs: | SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust
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Amount: | $640,000
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Maturity: | April 10, 2024
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Coupon: | 6.5%, paid quarterly
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Price: | Par
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Payout at maturity: | If worst performing ETF finishes at or above its 25% buffer, par; otherwise 1% loss for every 1% that worst performing ETF declines beyond its buffer
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Initial levels: | $329.22 for SPDR Dow, $379.38 for SPDR S&P
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Buffer: | 25%
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Call: | Non-callable
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Pricing date: | Jan. 5, 2023
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Settlement date: | Jan. 10, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48133TRN7
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