Chicago, Sept. 15 – JPMorgan Chase Financial Co. LLC priced $3.15 million of 0% review notes due Aug. 29, 2025 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting Aug. 29, 2023 and on any subsequent annual review date at a premium of 27.5% per year if the index closes above its initial value on the successive determination dates.
If not called and the index ends above its 60% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.
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: | Review notes
|
| Underlying index: | MerQube US Large-Cap Vol Advantage index
|
| Amount: | $3,145,000
|
| Maturity: | Aug. 29, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called because index finishes below initial level and index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Initial level: | 2,600
|
| Downside threshold: | 1,560, 60% of initial level
|
| Call: | Automatically starting Aug. 29, 2023 and on any subsequent annual review date at a premium of 27.5% per year if the index closes above its initial value on the successive determination dates
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 48133LQ96
|
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