Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% uncapped buffered return enhanced notes due Nov. 5, 2024 linked to the stock performance of Zoetis Inc. and Thermo Fisher Scientific Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock gains, the payout at maturity will be par plus 1.66 times the return of the lesser-performing stock.
If either stock finishes flat or falls by up to 10%, the payout will be par.
If either stock falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing stock declines beyond the buffer.
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: | Uncapped buffered return enhanced notes
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| Underlying stocks: | Zoetis Inc. and Thermo Fisher Scientific Inc.
|
| Amount: | $1,190,000
|
| Maturity: | Nov. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock gains, par plus 1.66 times return of lesser-performing stock; par if either stock finishes flat or falls up to buffer; 1% loss for every 1% that lesser-performing stock declines beyond buffer
|
| Initial levels: | $150.78 for Zoetis, $513.97 for Thermo
|
| Buffer levels: | 90% of initial levels
|
| Strike date: | Oct. 31, 2022
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| Pricing date: | Nov. 1, 2022
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| Settlement date: | Nov. 4, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133PNT6
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