Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $565,000 of 0% capped dual directional buffered return enhanced notes due May 30, 2025 linked to the lesser performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus 120% of the worst performing asset return capped at par plus 24.9%.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but by no more than the 25% buffer.
Investors will lose 1% for every 1% that the worst performing asset declines beyond the buffer.
The securities are non-callable.
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.
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| Issue: | Capped dual directional buffered return enhanced notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $565,000
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| Maturity: | May 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 120% of worst performing asset return capped at par plus 24.9%; par plus absolute value of worst performing asset return if worst performing asset declines but by no more than 25% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
|
| Call: | Non-callable
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| Initial levels: | 4,269.64 for Stoxx, $71.44 for EAFE ETF
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| Buffer levels: | 75% of initial levels
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| Upside leverage: | 120%
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| Cap: | 24.9%
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| Buffer: | 25%
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| Pricing date: | May 25, 2023
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| Settlement date: | May 31, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95%
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| Cusip: | 48133WUX4
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