By Kiku Steinfeld
Chicago, April 12 – JPMorgan Chase Financial Co. LLC priced $1.89 million of 0% capped buffered equity notes due July 17, 2025 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus 100% of the return of the ETF capped at par plus 57.25%. The payout will be par if the ETF declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the 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 ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $1,888,000
|
| Maturity: | July 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus 100% of ETF return capped at par plus 57.25%; par if ETF declines but by no more than 20% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Initial level: | $43.21
|
| Upside leverage: | 100%
|
| Cap: | 57.25%
|
| Buffer: | 20%
|
| Pricing date: | July 14, 2023
|
| Settlement date: | July 19, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65%
|
| Cusip: | 48133YAU8
|
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