Chicago, Oct. 11 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% uncapped buffered return enhanced notes due Oct. 2, 2025 linked to the lesser performing of 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.
If the worst performing ETF gains the payout at maturity will be par plus 100.05% of the return of the worst performing ETF. The payout will be par if the worst performing ETF declines but by no more than the 30% 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: | Uncapped buffered return enhanced 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: | $400,000
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| Maturity: | Oct. 2, 2025
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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 100.05% of worst performing ETF return; par if worst performing ETF declines but by no more than 30% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Initial levels: | $362.79 for S&P ETF, $292.21 for Dow
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| Buffer levels: | 70% of initial levels
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| Upside leverage: | 100.05%
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| Cap: | None
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| Buffer: | 30%
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| Pricing date: | Sept. 29, 2022
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| Settlement date: | Oct. 4, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.475%
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| Cusip: | 48133NFR4
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