New Issue: JPMorgan sells $230,000 0% notes tied to basket of six currencies

By Kiku Steinfeld

Chicago, May 17 – JPMorgan Chase Financial Co. LLC priced $230,000 of 0% notes due Jan. 31, 2024 based on a basket of unequally weighted currencies versus the U.S. dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying currencies are the European Union euro (57.6% weight), Japanese yen (13.6% weight), British pound sterling (11.9% weight), Canadian dollar (9.1% weight), Swedish krona (4.2% weight) and Swiss franc (3.6% weight)

The payout at maturity will be par plus 104% of any basket gain.

Investors will receive par if the basket falls or finishes flat.

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:	Notes
Underlying currencies:	European Union euro (57.6% weight), Japanese yen (13.6% weight), British pound sterling (11.9% weight), Canadian dollar (9.1% weight), Swedish krona (4.2% weight) and the Swiss franc (3.6% weight)
Amount:	$230,000
Maturity:	Jan. 31, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	104% of any basket gain; par if basket falls or finishes flat
Initial spot rates:	1.08195 for euro, 127.820 for yen, 1.22020 for pound sterling, 1.34215 for Canadian dollar, 10.40090 for krona and 0.92855 for Swiss franc
Pricing date:	Jan. 13, 2023
Settlement date:	Jan. 19, 2023
Agents:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133PDU4

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