By Kiku Steinfeld
Chicago, May 30 – JPMorgan Chase Financial Co. LLC priced $450,000 of yield notes due Jan. 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.25%, paid monthly.
If the index gains or ends above its 20% buffer, the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the index 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: | Yield notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $450,000
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| Maturity: | Jan. 25, 2024
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| Coupon: | 6.25%, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its 20% buffer, par; otherwise 1% loss for every 1% that index declines beyond its buffer
|
| Initial level: | 3,972.61
|
| Buffer: | 20%
|
| Call: | Non-callable
|
| Pricing date: | Jan. 20, 2023
|
| Settlement date: | Jan. 25, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48133TYG4
|
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