By Kiku Steinfeld
Chicago, Jan. 29 – JPMorgan Chase Financial Co. LLC priced $838,000 of 0% buffered digital notes due July 22, 2024 linked to a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or declines but by no more than its 30% buffer the payout at maturity will be par plus 11%. Investors will lose 1% for every 1% the commodity 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Amount: | $838,000
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| Maturity: | July 22, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity gains or declines but by no more than 30% buffer, par plus 11%; 1% loss for every 1% that commodity declines beyond the buffer
|
| Initial level: | $70.17
|
| Buffer: | 30%
|
| Call: | Non-callable
|
| Pricing date: | June 9, 2023
|
| Settlement date: | June 14, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133UAD4
|
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