By Kiku Steinfeld
Chicago, May 19 – JPMorgan Chase Financial Co. LLC priced $820,000 of 0% uncapped buffered return enhanced notes due Jan. 16, 2025 linked to the stock performance of Tesla, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock gains, the payout at maturity will be par plus 2.47 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped buffered return enhanced notes
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Underlying stocks: | Tesla, Inc. and Apple Inc.
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Amount: | $820,000
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Maturity: | Jan. 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock gains, par plus 2.47 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
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Initial levels: | $123.22 for Tesla, $133.49 for Apple
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Buffer levels: | 90% of initial levels
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Pricing date: | Jan. 13, 2023
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Settlement date: | Jan. 19, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133TWP6
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