By Kiku Steinfeld
Chicago, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped dual directional buffered return enhanced notes due Oct. 2, 2023 linked to the common stock of Block, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout will be par plus 200% of the stock return capped at par plus 13%.
The payout will be par plus the absolute value of the stock return if the stock declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the stock declines beyond the 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 buffered return enhanced notes
|
| Underlying stock: | Block, Inc.
|
| Amount: | $250,000
|
| Maturity: | Oct. 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains par plus 200% of stock return capped at par plus 13%; par plus absolute value of stock return if stock declines but by no more than 15% buffer; 1% loss for every 1% that stock declines beyond the buffer
|
| Call: | Non-callable
|
| Initial level: | $64.40
|
| Upside leverage: | 200%
|
| Cap: | 13%
|
| Buffer: | 15%
|
| Pricing date: | March 27, 2023
|
| Settlement date: | March 30, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133VHX1
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
