New Issue: JPMorgan prices $650,000 autocallable buffered equity notes linked to Dow Jones industrial average

By Angela McDaniels

Tacoma, Wash., July 20 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% autocallable buffered equity notes due Sept. 11, 2024 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index closes at or above the initial level on Sept. 12, 2023, the notes will be automatically called at par plus 8.25%.

If the notes have not been called and the final level is greater than the initial level, the payout at maturity will be par plus the index return. If the index declines by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 40%.

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:	Autocallable buffered equity notes
Underlying index:	Dow Jones industrial average
Amount:	$650,000
Maturity:	Sept. 11, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final level is greater than initial level, par plus index return; if index declines by up to 40%, par; otherwise, 1% loss for every 1% that index declines beyond 40%
Call:	Automatically at par plus 8.25% if index closes at or above initial level on Sept. 12, 2023
Initial level:	31,145.30
Buffer level:	60% of initial level
Strike date:	Sept. 6, 2022
Pricing date:	Sept. 9, 2022
Settlement date:	Sept. 14, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48133MT67

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