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Published on 7/31/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.1 million uncapped buffered return enhanced notes on Dow, Russell, S&P

New York, July 31 – JPMorgan Chase Financial Co. LLC priced $1.1 million of 0% uncapped buffered return enhanced notes due July 16, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 151.5% of the return of that index.

The payout will be par if the worst performing index declines by no more than 20%. Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.

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:Uncapped buffered return enhanced notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$1.1 million
Maturity:July 16, 2026
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 151.5% of that index’s return; par if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
Initial levels:34,395.14 for Dow Jones industrial average, 1,950.891 for Russell 2000, 4,510.04 for S&P 500
Upside leverage:151.5%
Buffer:20%
Strike date:July 13
Pricing date:July 14
Settlement date:July 19
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48133YHR8

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