By Wendy Van Sickle
Columbus, Ohio, May 25 – JPMorgan Chase Financial Co. LLC priced $1.61 million of 0% autocallable contingent buffered notes due May 23, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus 11% index closes at or above the initial level on June 2, 2023.
If the notes are not called and the final index level is above the buffer level, 85% of the initial level, the payout will be par plus the index return, subject to a 22% minimum gain.
Otherwise, investors will lose 1% for each 1% decline of the index beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered notes
|
| Underlying index: | S&P 500
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| Amount: | $1,605,000
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| Maturity: | May 23, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | Par plus 11% index closes at or above the initial level on June 2, 2023
|
| Payout at maturity: | Par plus greater of index return and 22% if index finishes above buffer level; otherwise exposure to losses beyond 15%
|
| Initial levels: | 3,900.79
|
| Buffer level: | 85% of initial level
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133GGT4
|
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