New Issue: JPMorgan prices $250,000 capped buffered return enhanced notes linked to Meta

By Kiku Steinfeld

Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped buffered return enhanced notes due March 15, 2024 linked to the common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock gains, the payout at maturity will be par plus 200% of the return of the stock capped at par plus 38.5%. The payout will be par if the stock declines but by no more than the 10% buffer. Investors will lose 1.11111% for each 1% of any decline in stock beyond the buffer.

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 buffered return enhanced notes
Underlying stock:	Meta Platforms, Inc.
Amount:	$250,000
Maturity:	March 15, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains, par plus 200% of stock return capped at par plus 38.5%; par if stock declines but by no more than 10% buffer; investors lose 1.11111% for each 1% of any decline in stock beyond the buffer
Initial level:	$174.94
Upside leverage:	200%
Cap:	38.5%
Buffer:	10%
Downside leverage:	111.111%
Pricing date:	Feb. 28, 2023
Settlement date:	March 3, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.85%
Cusip:	48133UKP6

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