New Issue: JPMorgan prices $500,000 11.5% autocallable yield notes linked to stocks

By Kiku Steinfeld

Chicago, Dec. 5 – JPMorgan Chase Financial Co. LLC priced $500,000 of autocallable yield notes due Oct. 24, 2024 linked to the common stocks of Visa Inc., Netflix, Inc. and lululemon athletica inc., according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at par if each stock closes at or above its initial share price on any quarterly review date.

Investors will receive a coupon of 11.5%, paid quarterly.

At maturity the payout will be par if the worst performing stock gains or declines by no more than the 30% buffer. Otherwise investors will receive par less 142.857% of the worst performing stock loss 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:	Autocallable yield notes
Underlying stocks:	Visa Inc., Netflix, Inc. and lululemon athletica inc.
Amount:	$500,000
Maturity:	Oct. 24, 2024
Coupon:	11.5%, paid quarterly
Price:	Par
Payout at maturity:	If worst performing stock gains or declines by no more than the buffer, par; otherwise par less 142.857% times the loss beyond the buffer
Call:	Automatically at par if each stock closes at or above its initial share price on any quarterly review date
Initial levels:	$234.60 for Visa, $325.35 for Netflix, $376.71 for lululemon
Buffer:	30%
Downside leverage:	142.857%
Pricing date:	April 21, 2023
Settlement date:	April 26, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.7%
Cusip:	48133VU40

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