By William Gullotti
Buffalo, N.Y., March 17 – JPMorgan Chase Financial Co. LLC priced $720,000 of 0% autocallable buffered return enhanced notes due March 14, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 16.6% if the index closes at or above its initial level on March 24, 2023.
If the index finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain of the index.
Investors will receive par if the index falls by up to 30%.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
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| Amount: | $720,000
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| Maturity: | March 14, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus 200% of gain; par if index falls by up to 30%; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 16.6% if index closes at or above initial level on March 24, 2023
|
| Initial level: | 3,686.78
|
| Buffer level: | 70% of initial level
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133DUT5
|
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