Chicago, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped dual directional contingent buffered equity notes due June 7, 2024 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout will be par plus the ETF return capped at par plus 6.34%.
The payout will be par plus the absolute value of the ETF return 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 drops beyond the contingent 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 contingent buffered equity notes
|
| Underlying ETF: | Invesco QQQ Trust, Series 1
|
| Amount: | $500,000
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| Maturity: | June 7, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus ETF return capped at par plus 6.34%; par plus absolute value of ETF return if ETF declines but by no more than 35% contingent buffer; 1% loss for every 1% that ETF declines if it finishes below the contingent buffer
|
| Call: | Non-callable
|
| Initial level: | $333.36
|
| Barrier level: | 65% of initial level
|
| Cap: | 6.34%
|
| Pricing date: | May 24, 2023
|
| Settlement date: | May 30, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133XAC0
|
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