New Issue: JPMorgan prices $500,000 buffered digital notes linked to Target, Bank of America

By Angela McDaniels

Tacoma, Wash., June 22 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due July 30, 2024 linked to the common stocks of Target Corp. and Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price of each stock is greater than or equal to 60% of its initial share price, the payout at maturity will be par plus 17.75%. Otherwise, investors will lose 1% for every 1% that the lesser performing stock declines beyond 40%.

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:	Buffered digital notes
Underlying stocks:	Target Corp. and Bank of America Corp.
Amount:	$500,000
Maturity:	July 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final share price of each stock is greater than or equal to 60% of initial share price, par plus 17.75%; otherwise, 1% loss for every 1% that lesser performing stock declines beyond 40%
Initial share prices:	$157.49 for Target and $33.73 for Bank of America
Strike date:	July 25, 2022
Pricing date:	July 26, 2022
Settlement date:	July 29, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133L5X6

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