By Angela McDaniels
Tacoma, Wash., April 23 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% capped buffered enhanced participation equity notes due April 16, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 2 times the index return, subject to the maximum settlement amount of $1,220 per $1,000 principal amount of notes.
If the index return is zero or negative but not below negative 12.5%, the payout will be par.
If the index return is below negative 12.5%, investors will lose 1.1429% for every 1% that the index declines beyond 12.5%.
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 enhanced participation equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,654,000
|
| Maturity: | April 16, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 2 times index return, subject to maximum return of 22%; if index return is zero or negative but not below negative 12.5%, par; otherwise, 1.1429% loss for every 1% that index declines beyond 12.5%
|
| Initial level: | 4,522.79
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | July 17, 2023
|
| Settlement date: | July 24, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133YGG3
|
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