By Kiku Steinfeld
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% buffered digital notes due May 23, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains or declines but by no more than its 30% buffer, the payout at maturity will be par plus 10.9%. Investors will lose 1% for every 1% the ETF declines 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: | Buffered digital notes
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Underlying ETF: | SPDR S&P 500 ETF Trust
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Amount: | $250,000
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Maturity: | May 23, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF gains or declines but by no more than 30% buffer, par plus 10.9%; 1% loss for every 1% that ETF declines beyond the buffer
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Initial level: | $396.03
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Buffer: | 30%
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Call: | Non-callable
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Pricing date: | Nov. 18, 2022
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Settlement date: | Nov. 23, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133PVA8
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