Chicago, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $290,000 of 0% capped dual directional buffered return enhanced notes due Nov. 29, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 300% of the index return capped at par plus 13.4%.
The payout will be par plus 50% of the absolute value of the index return if the index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
The securities 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.
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| Issue: | Capped dual directional buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $290,000
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| Maturity: | Nov. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 300% of index return capped at par plus 13.4%; par plus 50% of absolute value of index return if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
|
| Call: | Non-callable
|
| Initial level: | 4,115.24
|
| Buffer level: | 80% of initial level
|
| Upside leverage: | 300%
|
| Cap: | 13.4%
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| Buffer: | 20%
|
| Pricing date: | May 24, 2023
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| Settlement date: | May 30, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48133WUC0
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