New Issue: JPMorgan prices $850,000 capped buffered return enhanced notes on Financial Select

By Kiku Steinfeld

Chicago, April 17 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% capped buffered return enhanced notes due Dec. 29, 2023 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains, the payout at maturity will be par plus 150% of the return of the ETF capped at par plus 23.775%. The payout will be par if the ETF declines but by no more than the 20% contingent buffer. Investors will by fully exposed to the ETF loss if it declines beyond the contingent 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:	Financial Select Sector SPDR Fund
Amount:	$850,000
Maturity:	Dec. 29, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 150% of ETF return, subject to 23.775% cap; par if ETF declines but by no more than 20% contingent buffer; full exposure to loss if ETF declines beyond the contingent buffer
Initial level:	$34.99
Upside leverage:	1.5
Cap:	23.775%
Contingent buffer:	20%
Pricing date:	Dec. 13, 2022
Settlement date:	Dec. 16, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133TBG9

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