By Kiku Steinfeld
Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $590,000 of 0% digital buffered notes due June 28, 2024 linked to a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 11.4% if the commodity gains or declines by no more than its 30% buffer.
Otherwise the payout will be par less 142.857% of the decline of the commodity 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital buffered notes
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| Amount: | $590,000
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| Underlying commodity: | Brent Crude Oil Futures Contract
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| Maturity: | June 28, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 11.4% if commodity gains or declines by no more than its 30% buffer; otherwise, par less 142.857% of the decline of commodity beyond its buffer
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| Initial price: | $76.61
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| Digital payment: | 11.4%
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| Buffer: | 30%
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| Downside leverage: | 142.857%
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| Pricing date: | June 16, 2023
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| Settlement date: | June 22, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133WD70
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