New York, June 13 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% autocallable buffered return enhanced notes due June 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on May 31, 2023 at par plus a premium of 12% if the index closes at or above its initial value.
If the index gains, the payout will be par plus 155% of the index return.
Investors will receive par if the index declines but ends at or above its 15% buffer. Otherwise, investors will lose 1% for every 1% that the index 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: | Autocallable buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $1,351,000
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| Maturity: | June 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 155% of index return; par if index declines by no more than 15%; otherwise, 1% loss for every 1% that index declines beyond the buffer
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| Call: | Automatically on May 31, 2023 at par plus a premium of 12% if the index closes at or above its initial value
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| Initial level: | 4,132.15
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| Upside leverage: | 155%
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| Buffer: | 15%
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| Pricing date: | May 31
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| Settlement date: | June 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.93668%
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| Cusip: | 48133GMG5
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