By Kiku Steinfeld
Chicago, July 18 – JPMorgan Chase Financial Co. LLC priced $970,000 of 0% autocallable dual directional buffered equity notes due Feb. 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on Feb. 14, 2024 at par plus 5.5% if the index closes at or above 100% of its initial value.
If the index gains, the payout will be par plus the index return.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 25% buffer.
Investors will lose 1% for every 1% that the index declines beyond the buffer.
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: | Autocallable dual directional buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $970,000
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Maturity: | Feb. 20, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return; par plus absolute value of index return if index declines but by no more than 25% buffer; 1% loss for every 1% that index declines beyond the buffer
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Call: | Automatically on Feb. 14, 2024 at par plus 5.5% if the index closes at or above 100% of its initial value
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Initial level: | 4,136.13
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Cap: | None
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Buffer: | 25%
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Pricing date: | Feb. 14, 2023
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Settlement date: | Feb. 17, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.2%
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Cusip: | 48133UCJ9
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