New York, Sept. 16 – JPMorgan Chase Financial Co. LLC priced $2.07 million of 0% review notes due Sept. 17, 2026 linked to the S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the downside threshold level.
The notes will be called automatically starting Sept. 13, 2023 and on any subsequent annual review date at a premium of 26.75% per year if the worst performing asset closes above 90% of its initial value on the successive determination dates;
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: | Review notes
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| Underlying assets: | S&P 500 index and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $2,074,000
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| Maturity: | Sept. 17, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Initial levels: | 3,932.69 for index and $141.23 for fund
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| Downside thresholds: | 2,752.883 for index, $98.861 for fund; 70% of initial levels
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| Call: | Automatically starting Sept. 13, 2023 and on any subsequent annual review date at a premium of 26.75% per year if the worst performing asset closes above 90% of its initial value on the successive determination dates
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| Pricing date: | Sept. 13
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| Settlement date: | Sept. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133MS76
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