New Issue: JPMorgan prices $530,000 capped buffered return enhanced notes on KraneShares ETF

By Kiku Steinfeld

Chicago, June 5 – JPMorgan Chase Financial Co. LLC priced $530,000 of 0% capped buffered return enhanced notes due Oct. 30, 2023 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains, the payout at maturity will be par plus 175% of the return of the ETF capped at par plus 30%. The payout will be par if the ETF declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the ETF 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:	Capped buffered return enhanced notes
Underlying ETF:	KraneShares CSI China Internet ETF
Amount:	$530,000
Maturity:	Oct. 30, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 175% of ETF return capped at par plus 30%; par if ETF declines but by no more than 10% buffer; 1% loss for every 1% that ETF declines beyond the buffer
Initial level:	$35.15
Upside leverage:	175%
Cap:	30%
Buffer:	10%
Pricing date:	Jan. 25, 2023
Settlement date:	Jan. 30, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48133TZN8

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