Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered equity notes due March 5, 2024 linked to the iShares MSCI ACWI ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus the return of the ETF capped at par plus 23.25%. The payout will be par if the ETF declines but by no more than the 35% contingent buffer. Investors will lose 1% for every 1% that the ETF declines if it loses more than the contingent 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: | Capped buffered equity notes
|
| Underlying ETF: | iShares MSCI ACWI ETF
|
| Amount: | $500,000
|
| Maturity: | March 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus ETF return capped at par plus 23.25%; par if ETF declines but by no more than the 35% contingent buffer; 1% loss for every 1% that ETF declines if it finishes below contingent buffer
|
| Initial level: | $85.90
|
| Buffer level: | 65% of initial level
|
| Upside leverage: | 100%
|
| Cap: | 23.25%
|
| Pricing date: | Sept. 1, 2022
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| Settlement date: | Sept. 7, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48133MJ35
|
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