By Kiku Steinfeld
Chicago, April 16 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% autocallable buffered return enhanced notes due July 17, 2026 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 200% of the index return. Investors will receive par if the index declines but ends at or above its 20% buffer and they will lose 1.25% for every 1% that the index declines beyond the buffer.
The notes will be called automatically on July 17, 2024 at a premium of 8.5% if the index closes above 100% of its initial value.
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: | Autocallable buffered return enhanced notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,318,000
|
| Maturity: | July 17, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 200% of index return; par if index declines but by no more than 20% buffer; 1.25% loss for every 1% that index declines beyond the buffer
|
| Initial level: | 4,505.42
|
| Upside leverage: | 200%
|
| Buffer: | 20%
|
| Call: | Automatically on July 17, 2024 at a premium of 8.5% if the index closes above 100% of its initial value
|
| Pricing date: | July 14, 2023
|
| Settlement date: | July 19, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133YER1
|
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