New Issue: JPMorgan sells $500,000 uncapped accelerated barrier notes on ETFs

By Wendy Van Sickle

Columbus, Ohio, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped accelerated barrier notes due Feb. 2, 2023 linked to the lesser performing of the SPDR S&P 500 ETF trust and the Invesco QQQ trust, series 1, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each ETF finishes at or above its initial level, the payout at maturity will be par plus 1.13 times the return of the worst performing ETF.

If any ETF falls but each ETF finishes at or above the 70% barrier level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worst performing ETF.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped accelerated barrier notes
Underlying ETFs:	SPDR S&P 500 ETF trust, Invesco QQQ trust, series 1
Amount:	$500,000
Maturity:	Feb. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each ETF finishes at or above its initial level, par plus 1.13 times the return of the worst performing ETF; if any ETF falls but all ETFs finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing ETF
Initial ETF levels:	$370.07 for S&P 500 ETF, $314.56 for QQQ
Barrier levels:	$259.049 for S&P 500 ETF, $220.192 for QQQ, 70% of initial levels
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48132RQE3

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