By Kiku Steinfeld
Chicago, Oct. 8 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% uncapped dual directional barrier notes due Nov. 30, 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 at maturity will be par plus 100% of the return of the index.
The payout will be par plus 110% of the absolute value of the index return if the index declines but finishes at or above the 70% barrier level.
Investors will lose 1% for every 1% that the index declines if it ends below the barrier level.
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: | Uncapped dual directional barrier notes
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Underlying index: | S&P 500 index
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Amount: | $850,000
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Maturity: | Nov. 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 100% of index return; par plus 110% of absolute value of index return if index declines but finishes above 70% barrier level; 1% loss for every 1% that index declines if it finishes below barrier level
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Initial level: | 3,948.72
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Upside leverage: | 100%
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Cap: | None
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Barrier level: | 2,764.104, 70% of initial level
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Pricing date: | March 23, 2023
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Settlement date: | March 28, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133VFZ8
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