Chicago, Sept. 12 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped return enhanced notes due Sept. 7, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above 123% of its initial level, investors will receive par plus a 2.08% gain for each 1% increase over 123% plus a 23% buffer, capped at par plus 193.56% (or $2,935.60 per $1,000 note).
If the index finishes below 123% of its initial level, investors will be exposed to the gain or decline in the index on a one-to-one basis, whether that results in a positive return or negative return.
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: | Capped return enhanced notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $2 million
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| Maturity: | Sept. 7, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above 123% of initial level, par plus 2.08% gain for each 1% increase over 123% plus 23% buffer, capped at par plus 193.56% ($2,935.60 per $1,000 note); if index finishes between initial level and 123% of initial level, par plus return of index; otherwise, full exposure to decline of index
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| Initial level: | Arithmetic average of closing level on open market days in September, October and November 2023
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| Cap: | 193.56%
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134AXU4
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