New Issue: JPMorgan prices $211,000 uncapped buffered return enhanced notes on Dow, Nasdaq

By Kiku Steinfeld

Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $211,000 of 0% uncapped buffered return enhanced notes due June 20, 2025 linked to the Dow Jones industrial average and Nasdaq-100 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 103% of the return of the worst performing index. The payout will be par if the worst performing index declines but by no more than the 15% buffer. Investors will lose 1% for every 1% that the worst performing index declines 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:	Uncapped buffered return enhanced notes
Underlying indexes:	Dow Jones industrial average and Nasdaq-100 index
Amount:	$211,000
Maturity:	June 20, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index gains par plus 103% of worst performing index return; par if worst performing index declines but by no more than 15% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
Initial levels:	34,299.12 for Dow Jones industrial average, 15,083.92 for Nasdaq-100
Upside leverage:	103%
Cap:	None
Buffer:	15%
Pricing date:	June 16, 2023
Settlement date:	June 22, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	2.7%
Cusip:	48133XQD1

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