New Issue: JPMorgan prices $565,000 digital barrier notes on index, ETF

By Kiku Steinfeld

Chicago, Jan. 17 – JPMorgan Chase Financial Co. LLC priced $565,000 of 0% digital barrier notes due May 1, 2026 linked to the Russell 2000 index and iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends above its 60% barrier the payout at maturity will be par plus 25.5%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.

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:	Digital barrier notes
Underlying assets:	Russell 2000 index and iShares MSCI Emerging Markets ETF
Amount:	$565,000
Maturity:	May 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset finishes at or above its 60% barrier, par plus 25.5%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
Initial levels:	1,768.987 for Russell 2000, $39.13 for iShares MSCI Emerging Markets ETF
Digital payment:	25.5%
Barriers:	1,061.3922 for Russell 2000, $23.478 for iShares MSCI Emerging Markets ETF, 60% of initial level
Pricing date:	April 28, 2023
Settlement date:	May 3, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.95%
Cusip:	48133WAW8

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