New Issue: JPMorgan prices $394,000 capped notes linked to Dow, Nasdaq, Russell

By Kiku Steinfeld

Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $394,000 of 0% capped notes due May 1, 2026 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 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 200% of the return of the worst performing index capped at par plus 33%. Investors will lose 1% for every 1% that the worst performing index declines subject to a minimum payout of 95% of par.

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 notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:	$394,000
Maturity:	May 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains par plus 200% of worst performing index return capped at par plus 33%; 1% loss for every 1% that worst performing index declines subject to a minimum payout of 95% of par
Initial levels:	34,098.16 for Dow Jones industrial average, 13,245.99 for Nasdaq-100, 1,768.987 for Russell 2000
Upside leverage:	200%
Cap:	33%
Principal protection:	95%
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.52284%
Cusip:	48133VSY7

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