Chicago, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $515,000 of 0% uncapped buffered return enhanced notes due May 21, 2027 linked to the lesser performing of the SPDR Dow Jones industrial average ETF Trust and the 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 135% 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 25% buffer. Investors will lose 1.33333% 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: | $515,000
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| Maturity: | May 21, 2027
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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 135% of worst performing ETF return; par if worst performing ETF declines but by no more than 25% buffer; 1.33333% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Initial levels: | $336.06 for Dow ETF, $419.23 for S&P ETF
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| Buffer levels: | 75% of initial levels
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| Upside leverage: | 135%
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| Downside leverage: | 133.333%
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| Cap: | None
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| Buffer: | 25%
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| Pricing date: | May 26, 2023
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| Settlement date: | May 31, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.3%
|
| Cusip: | 48133WUV8
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