New Issue: JPMorgan prices $697,000 21% yield notes linked to stocks, ETF

By Kiku Steinfeld

Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $697,000 of yield notes due March 28, 2024 linked to the Amazon.com, Inc., Antero Resources Corp. and Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 21%, paid monthly.

If the worst performing asset gains or ends above its 69% trigger the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing asset if it finished below its trigger.

The notes are non-callable.

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:	Yield notes
Underlying assets:	Amazon.com, Inc., Antero Resources Corp. and Financial Select Sector SPDR Fund
Amount:	$697,000
Maturity:	March 28, 2024
Coupon:	21%, paid monthly
Price:	Par
Payout at maturity:	If worst performing asset finishes at or above its 69% trigger, par; otherwise 1% loss for every 1% that worst performing asset declines
Initial levels:	$21.72 for Antero, $98.13 for Amazon, $30.99 for fund
Triggers:	$14.9868 for Antero, $67.7097 for Amazon, $21.3831 for fund, 69% of initial levels
Call:	Non-callable
Pricing date:	March 24, 2023
Settlement date:	March 29, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.65%
Cusip:	48133VGV6

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