By Kiku Steinfeld
Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $675,000 of 0% capped dual directional contingent buffered equity notes due Dec. 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus the index return capped at par plus 7%.
If the index finishes flat, the payout will be par.
If the index declines but by no more than the 34.05% contingent buffer, investors will receive par plus the absolute value of the index return.
Investors will lose 1% for every 1% that the index declines if it drops beyond the contingent 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.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $675,000
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| Maturity: | Dec. 6, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return capped at par plus 7%; par if index finishes flat; par plus absolute value of index return if index declines but by no more than 34.05% contingent buffer; 1% loss for every 1% that index declines if it finishes below the contingent buffer
|
| Call: | Non-callable
|
| Initial level: | 3,965.34
|
| Cap: | 7%
|
| Contingent buffer: | 34.05%
|
| Pricing date: | Nov. 18, 2022
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| Settlement date: | Nov. 23, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133PUT8
|
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