By Kiku Steinfeld
Chicago, March 20 – JPMorgan Chase Financial Co. LLC priced $250,000 of yield notes due March 5, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 5.6%, paid monthly.
If the ETF gains or ends above its 58% trigger, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the ETF if it finished below its trigger.
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 ETF: | SPDR S&P 500 ETF Trust
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Amount: | $250,000
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Maturity: | March 5, 2024
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Coupon: | 5.6%, paid monthly
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Price: | Par
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Payout at maturity: | If ETF finishes at or above its 58% trigger, par; otherwise 1% loss for every 1% that ETF declines
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Initial level: | $407.68
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Trigger: | $236.4544, 58% of initial level
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Call: | Non-callable
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Pricing date: | Nov. 30, 2022
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Settlement date: | Dec. 5, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.15%
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Cusip: | 48133P4N0
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