By Kiku Steinfeld
Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $150,000 of 0% enhanced digital contingent buffered 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 finishes at or above 110% of its initial level, the payout at maturity will be par plus 14.25%.
If the index finishes at or above its 80% contingent buffer level but below 110% of its initial level, the payout at maturity will be par plus 10%.
If the index falls by more than 20%, investors will be fully exposed to the decline of index.
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: | Enhanced digital contingent buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $150,000
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| Maturity: | Dec. 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 14.25% if index finishes at or above 110% of initial level; if index finishes at or above contingent buffer level but below 110% of initial level, par plus 10%; full exposure to decline of index if it finishes below contingent buffer level
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| Initial level: | 3,965.34
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| Contingent buffer: | 3,172.272, 80% of initial level
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| Pricing date: | Nov. 18, 2022
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| Settlement date: | Nov. 23, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133PVF7
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