By Kiku Steinfeld
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $150,000 of 0% dual directional notes due July 6, 2027 linked to the performance of the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 210% of any index gain.
If the index falls flat or declines, investors will receive par plus the return’s absolute value.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Dual directional notes
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Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
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Amount: | $150,000
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Maturity: | July 6, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 210% of any gain; if index falls flat or declines, absolute value of return
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Initial level: | 163.89
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Pricing date: | June 30, 2023
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Settlement date: | July 6, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133XHY5
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