Sounds a lot like what a bit later was codified as Can. 2264, eh (you know, like what I said way back on p. 1)?

This quote deals with the jurisdiction necessary for valid administration of the Sacraments, which the Church regularly grants to non-Catholics ... not with ordinary or habitual jurisdiction. So, for instance, the Church grants Orthodox priests
ad hoc (I forget the Canon Law term at the moment) jurisdiction to validly administer the Sacrament of Confession to a dying Catholic, and at one point St. Pius X permitted Catholics living in Orthodox territories to receive the Sacraments for the Orthodox, thus again providing the necessary
ad hoc (vs. habitual jurisdiction), granted only for the specific purpose of validly absolving the penitent. Similarly, Bergoglio (assuming he were capable of it) granted the SSPX jurisdiction to validly absolve penitents.
Thus, for instance, if Bergoglio were a valid priest, even if he's a manifest heretic, he would be able to validly absolve penitents.
Did you miss this part? Or did you just ignore it because it undermines your argument?
[The Church] allows the latter to retain their jurisdiction for the valid administration of the sacraments
This passage clearly indicates that it's a case of the Church ALLOWING jurisdiction only for the purpose of valid administration of the Sacraments that require jurisdiction for the good of the faithful.
