By Kiku Steinfeld
Chicago, April 24 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% capped dual directional barrier notes due Jan. 30, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout will be par plus the stock return capped at par plus 43.7%.
The payout will be par plus 100% of the absolute value of the stock return if the stock declines but ends above the 60% barrier.
Investors will lose 1% for every 1% that the stock declines if it finishes below the barrier.
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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional barrier notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $300,000
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| Maturity: | Jan. 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains par plus stock return capped at par plus 43.7%; par plus 100% of absolute value of stock return if stock declines but ends above 60% barrier; 1% loss for every 1% that stock declines if it ends below the barrier
|
| Call: | Non-callable
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| Initial level: | $255.71
|
| Cap: | 43.7%
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| Barrier: | $153.426, 60% of initial level
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| Pricing date: | July 27, 2023
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| Settlement date: | Aug. 1, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
|
| Cusip: | 48133YA53
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