New York, April 19 – JPMorgan Chase Financial Co. LLC priced $1.82 million of 0% capped buffered equity notes due Oct. 19, 2023 linked to the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains the payout at maturity will be par plus 100% of the return of the worst performing ETF capped at par plus 32.5%. The payout will be par if the worst performing ETF declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the worst performing ETF declines beyond the buffer.
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 buffered equity notes
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| Underlying ETFs: | SPDR S&P 500 ETF Trust and Invesco QQQ Trust, Series 1
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| Amount: | $1,819,000
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| Maturity: | Oct. 19, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF gains par plus 100% of worst performing ETF return capped at par plus 32.5%; par if worst performing ETF declines but by no more than 15% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Initial level: | $338.43 for QQQ, $437.79 for SPDR
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| Upside leverage: | 100%
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| Cap: | 32.5%
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| Buffer: | 15%
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| Pricing date: | April 14
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
|
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| Cusip: | 48133FNJ0
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