New Issue: JPMorgan prices $3.28 million 26.5% yield notes linked to three stocks

By Kiku Steinfeld

Chicago, April 15 – JPMorgan Chase Financial Co. LLC priced $3.28 million of yield notes due July 17, 2025 linked to the common stocks of Advanced Micro Devices, Inc., Tesla, Inc. and Upstart Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 26.5%, paid monthly.

If the worst performing stock gains or ends above its 20% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the worst performing stock beyond its buffer.

The notes are non-callable.

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:	Yield notes
Underlying stocks:	Advanced Micro Devices, Inc., Tesla, Inc. and Upstart Holdings, Inc.
Amount:	$3.28 million
Maturity:	July 17, 2025
Coupon:	26.5%, paid monthly
Price:	Par
Payout at maturity:	If worst performing stock finishes at or above its 20% buffer, par; otherwise 1% loss for every 1% that worst performing stock declines beyond its buffer
Initial levels:	$115.92 for Advanced Micro Devices, Inc., $277.90 for Tesla, Inc., $47.40 for Upstart Holdings, Inc.
Buffer:	20%
Call:	Non-callable
Pricing date:	July 14, 2023
Settlement date:	July 19, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133YHS6

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