By Kiku Steinfeld
Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $575,000 of 0% autocallable buffered return enhanced notes due March 23, 2027 linked to the Dow Jones industrial average and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus 175% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends at or above its 15% buffer and they will lose 1% for every 1% that the worst performing asset declines beyond the buffer.
The notes will be called automatically on March 21, 2023 at a premium of 10% if the worst performing asset closes above 100% of its initial value.
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 assets: | Dow Jones industrial average and SPDR S&P 500 ETF Trust
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| Amount: | $575,000
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| Maturity: | March 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 175% of worst performing asset return; par if worst performing asset declines but by no more than 15% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
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| Initial levels: | 34,754.93 for Dow, $444.52 for SPDR
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| Upside leverage: | 175%
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| Buffer: | 15%
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| Call: | Automatically on March 21, 2023 at a premium of 10% if the worst performing asset closes above 100% of its initial value
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48133DZB9
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