New Issue: JPMorgan prices $250,000 notes linked to S&P 500

By Kiku Steinfeld

Chicago, April 1 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% notes due Jan. 5, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 109% of the index return.

Otherwise, investors will receive par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Notes
Underlying index:	S&P 500 index
Amount:	$250,000
Maturity:	Jan. 5, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than initial index level, par plus 109% of index return; otherwise, par
Initial level:	4,450.38
Final level:	Average of index closing levels on each semiannual averaging dates starting Jan. 2, 2024
Pricing date:	June 30, 2023
Settlement date:	July 6, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.5%
Cusip:	48133XHF6

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