New Issue: JPMorgan prices $540,000 capped notes linked to Dow Jones

By Kiku Steinfeld

Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $540,000 of 0% capped notes due April 6, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 100% of the return of the index capped at par plus 35%. Investors will lose 1% for every 1% that the index declines subject to a minimum payout of 95% of par.

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:	Capped notes
Underlying index:	Dow Jones industrial average
Amount:	$540,000
Maturity:	April 6, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus 100% of index return capped at par plus 35%; 1% loss for every 1% that index declines subject to a minimum payout of 95% of par
Initial level:	33,274.15
Upside leverage:	100%
Cap:	35%
Principal protection:	95%
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.65509%
Cusip:	48133USA1

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