Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $450,000 of 0% capped dual directional buffered return enhanced notes due Aug. 22, 2024 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout will be par plus 300% of the ETF return capped at par plus 15.15%.
The payout will be par plus the absolute value of the ETF return if the ETF declines but by no more than the 25% buffer.
Investors will lose 1% for every 1% that the ETF 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 return enhanced notes
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Underlying ETF: | SPDR S&P 500 ETF Trust
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Amount: | $450,000
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Maturity: | Aug. 22, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF gains par plus 300% of ETF return capped at par plus 15.15%; par plus absolute value of ETF return if ETF declines but by no more than 25% buffer; 1% loss for every 1% that ETF declines beyond the buffer
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Call: | Non-callable
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Initial level: | $426.65
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Buffer level: | 75% of initial level
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Upside leverage: | 300%
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Cap: | 15.15%
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Buffer: | 25%
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Pricing date: | Aug. 17, 2022
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Settlement date: | Aug. 22, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133MKH2
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