New Issue: JPMorgan prices $4.5 million capped buffer gears linked to S&P 500 Value

By Angela McDaniels

Tacoma, Wash., Feb. 22 – JPMorgan Chase Financial Co. LLC priced $4.5 million of 0% capped buffer gears due Aug. 30, 2024 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return, subject to a maximum return of 10.9%. If the index return is zero or negative but the final index level is at least 85% of the initial index level, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

The notes are guaranteed by JPMorgan Chase & Co.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffer gears
Underlying index:	S&P 500 Value index
Amount:	$4.5 million
Maturity:	Aug. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.25 times index return, subject to maximum return of 10.9%; if index return is zero or negative but final index level is at least 85% of initial index level, par; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:	1,569.669
Barrier level:	1,334.21865, or 85% of initial level
Pricing date:	June 27, 2023
Settlement date:	June 30, 2023
Agents:	UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48131C153

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