Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $1.8 million of 0% capped buffered equity notes due May 3, 2024 linked to the lesser performing of the Invesco QQQ Trust, Series 1 and 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 the return of the worst performing ETF capped at par plus 52.4%. The payout will be par if the worst performing ETF declines but by no more than the 15% buffer. Investors will lose 1% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying ETFs: | Invesco QQQ Trust, Series 1 and SPDR S&P 500 ETF Trust
|
| Amount: | $1.8 million
|
| Maturity: | May 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains par plus worst performing ETF return capped at par plus 52.4%; par if worst performing ETF declines but by no more than 15% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Initial levels: | $277.95 for QQQ, $386.21 for S&P ETF
|
| Buffer levels: | 85% of initial levels
|
| Upside leverage: | 100%
|
| Cap: | 52.4%
|
| Buffer: | 15%
|
| Pricing date: | Oct. 31, 2022
|
| Settlement date: | Nov. 3, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48133PGC1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
