Chicago, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $385,000 of 0% buffered digital dual directional notes due Nov. 17, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 6.25%.
If the index falls but finishes at or above its 75% buffer level, investors will receive par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
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: | Buffered digital dual directional notes
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| Underlying index: | S&P 500 index
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| Amount: | $385,000
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| Maturity: | Nov. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 6.25%; if index drops but not below buffer level, par plus return’s absolute value; 1% loss for every 1% that the index declines beyond buffer
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| Initial level: | 3,583.07
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| Buffer level: | 75% of initial level
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| Pricing date: | Oct. 14, 2022
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| Settlement date: | Oct. 19, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133N3Y2
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