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Published on 9/20/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $250,000 uncapped digital barrier notes linked to ARK ETF, Dow

Chicago, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% uncapped digital barrier notes due Sept. 3, 2027 linked to the lesser performing of the ARK Innovation ETF and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends above its 60% barrier the payout at maturity will be par plus the greater of the worst performing asset return and 97%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.

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 digital barrier notes
Underlying assets:ARK Innovation ETF and Dow Jones industrial average
Amount:$250,000
Maturity:Sept. 3, 2027
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset finishes at or above its 60% barrier, par plus greater of worst performing asset return and 97%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
Initial levels:$41.88 for ARK Innovation ETF, 31,510.43 for Dow
Barriers:$25.128 for ARK Innovation ETF, 18,906.258 for Dow, 60% of initial levels
Digital payment:97%
Pricing date:Aug. 31, 2022
Settlement date:Sept. 6, 2022
Agent:J.P. Morgan Securities LLC
Fees:0.5%
Cusip:48133MWL0

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