By Kiku Steinfeld
Chicago, April 1 – JPMorgan Chase Financial Co. LLC priced $900,000 of 0% capped dual directional contingent buffered equity notes due July 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus the index return capped at par plus 8%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 26.54% contingent buffer.
Investors will lose 1% for every 1% that the index declines if it drops beyond the contingent 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 contingent buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $900,000
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Maturity: | July 17, 2024
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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 capped at par plus 8%; par plus absolute value of index return if index declines but by no more than 26.54% contingent buffer; 1% loss for every 1% that index declines if it finishes below the contingent buffer
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Call: | Non-callable
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Initial level: | 4,450.38
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Cap: | 8%
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Contingent buffer: | 26.54%
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Pricing date: | July 3, 2023
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Settlement date: | July 7, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133YAW4
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