By Kiku Steinfeld
Chicago, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $652,000 of 0% autocallable accelerated barrier notes due Feb. 5, 2025 linked to the Energy Select Sector SPDR Fund and Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout will be par plus 135% of the worst performing ETF return. Investors will receive par if the worst performing ETF declines but ends at or above its 70% barrier and they will lose 1% for every 1% that the worst performing ETF declines if it finishes below the barrier level.
The notes will be called automatically on Feb. 1, 2023 at a premium of 21.5% if the worst performing ETF closes at or 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable accelerated barrier notes
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Underlying ETFs: | Energy Select Sector SPDR Fund and Financial Select Sector SPDR Fund
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Amount: | $652,000
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Maturity: | Feb. 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing ETF finishes at or above its initial value, par plus 135% of worst performing ETF return; if worst performing ETF declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing ETF declines if it finishes below its downside threshold level
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Initial level: | $65.92 for Energy, $39.06 for Financial
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Upside leverage: | 135%
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Downside threshold: | $46.144 for Energy, $27.342 for Financial, 70% of initial level
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Call: | Automatically on Feb. 1, 2023 at a premium of 21.5% if the worst performing ETF closes at or above 100% of its initial value
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.59969%
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Cusip: | 48133CLN0
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