Chicago, July 31 – JPMorgan Chase Financial Co. LLC priced $985,000 of 0% capped dual directional buffered equity notes due Aug. 26, 2024 linked to the Invesco QQQ Trust, Series 1 and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout will be par plus the worst performing asset return capped at par plus 19.3%.
The payout will be par plus 100% of the absolute value of the worst performing asset return if the worst performing asset declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing asset declines beyond the 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional buffered equity notes
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| Underlying assets: | Invesco QQQ Trust, Series 1 and S&P 500 index
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| Amount: | $985,000
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| Maturity: | Aug. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains, par plus worst performing asset return capped at par plus 19.3%; par plus 100% of absolute value of worst performing asset return if worst performing asset declines but by no more than 20% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
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| Call: | Non-callable
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| Initial levels: | $294.03 for Invesco, 3,997.34 for S&P
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| Cap: | 19.3%
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| Buffer: | 20%
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| Pricing date: | Feb. 21, 2023
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| Settlement date: | Feb. 24, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
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| Cusip: | 48133UCS9
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