By Kiku Steinfeld
Chicago, May 19 – JPMorgan Chase Financial Co. LLC priced $574,000 of 0% review notes due Jan. 16, 2025 linked to the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF ends above its 70% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the ETF declines if it finishes below the downside threshold level.
The notes will be called automatically starting July 13, 2023 and on any subsequent quarterly review date at a premium of 19.25% per year if the ETF closes above 100% of its initial value.
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: | Review notes
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Underlying ETF: | VanEck Gold Miners ETF
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Amount: | $574,000
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Maturity: | Jan. 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF finishes at or above its downside threshold level, par; 1% loss for every 1% that ETF declines if it finishes below its downside threshold level
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Initial level: | $32.65
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Downside threshold: | $22.855, 70% of initial level
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Call: | Automatically starting July 13, 2023 and on any subsequent quarterly review date at a premium of 19.25% per year if the ETF closes above 100% of its initial value
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Pricing date: | Jan. 13, 2023
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Settlement date: | Jan. 19, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.7%
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Cusip: | 48133TTT2
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