New Issue: JPMorgan prices $1.46 million 10.75% contingent interest autocalls on Dow, Nasdaq, S&P

By Kiku Steinfeld

Chicago, March 13 – JPMorgan Chase Financial Co. LLC priced $1.46 million of autocallable contingent interest notes due June 2, 2025 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.75%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date.

The securities will be called automatically starting Nov. 28, 2023 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly determination date.

At maturity the payout will be par unless the worst performing index closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing index.

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:	Autocallable contingent interest notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
Amount:	$1,459,000
Maturity:	June 2, 2025
Coupon:	10.75%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date
Price:	Par
Payout at maturity:	Par unless the worst performing index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
Call:	Automatically starting Nov. 28, 2023 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly determination date
Initial levels:	33,849.46 for Dow, 11,587.75 for Nasdaq, 3,963.94 for S&P
Trigger levels:	23,694.622 for Dow, 8,111.425 for Nasdaq, 2,774.758 for S&P, 70% of initial level
Coupon barriers:	27,079.568 for Dow, 9,270.20 for Nasdaq, 3,171.152 for S&P, 80% of initial levels
Pricing date:	Nov. 28, 2022
Settlement date:	Dec. 1, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133P3L5

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