New Issue: JPMorgan sells $497,000 upside participation market-linked contingent minimum notes

By Kiku Steinfeld

Chicago, Jan. 17 – JPMorgan Chase Financial Co. LLC priced $497,000 of 0% market-linked securities with upside participation and contingent minimum return and contingent downside due May 3, 2028 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus 55.5% and par plus the index gain.

If the index falls by up to 25%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.

Wells Fargo Securities, LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Market Linked Securities—Upside Participation with Contingent Minimum Return and Contingent Downside
Underlying index:	Euro Stoxx Banks index
Amount:	$497,000
Maturity:	May 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above initial level, the greater of par plus 55.5% and par plus the index gain; if the index falls by up to 25%, par; otherwise, lose 1% for every 1% of index decline from initial level
Initial level:	103.54
Barrier level:	77.655; 75% of initial level
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	Wells Fargo Securities, LLC
Fees:	3.87%
Cusip:	48133VKN9

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