New Issue: JPMorgan prices $250,000 10% contingent interest on Citigroup

By Kiku Steinfeld

Chicago, Nov. 7 – JPMorgan Chase Financial Co. LLC priced $250,000 of contingent interest notes due April 10, 2024 linked to the common stock of Citigroup Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date.

If the stock gains or ends above its 60% trigger value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its trigger value.

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:	Contingent interest notes
Underlying stock:	Citigroup Inc.
Amount:	$250,000
Maturity:	April 10, 2024
Coupon:	10%, paid quarterly, if the underlying stock closes at or above its 60% trigger level on the related quarterly observation date
Price:	Par
Payout at maturity:	If stock finishes at or above its 60% trigger value, par; 1% loss for every 1% that stock declines if it finishes below its trigger value
Initial level:	$45.77
Trigger value:	$27.462, 60% of initial level
Pricing date:	April 5, 2023
Settlement date:	April 11, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133VXX3

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