New Issue: JPMorgan prices $1 million digital barrier notes linked to Dow, Nasdaq

By Kiku Steinfeld

Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital barrier notes due March 4, 2024 linked to the Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index ends above its 70% barrier, the payout at maturity will be par plus 11%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital barrier notes
Underlying indexes:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$1 million
Maturity:	March 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 70% barrier, par plus 11%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
Initial levels:	33,045.09 for Dow, 12,066.27 for Nasdaq
Digital payment:	11%
Barriers:	23,131.563 for Dow, 8,446.389 for Nasdaq, 70% of initial level
Pricing date:	Feb. 24, 2023
Settlement date:	March 1, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.1%
Cusip:	48133ULA8

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