New Issue: JPMorgan prices $450,000 capped buffered return enhanced notes linked to Russell

By Kiku Steinfeld

Chicago, May 26 – JPMorgan Chase Financial Co. LLC priced $450,000 of 0% capped buffered return enhanced notes due Jan. 24, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 200% of the return of the index capped at par plus 30%. The payout will be par if the index declines but by no more than the 15% buffer. Investors will lose 117.647% of any decline in the index beyond the buffer.

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:	Capped buffered return enhanced notes
Underlying index:	Russell 2000 index
Amount:	$450,000
Maturity:	Jan. 24, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 200% of index return capped at par plus 30%; par if index declines but by no more than 15% buffer; investors lose 117.647% of any decline in index beyond the buffer
Initial level:	1,867.336
Upside leverage:	200%
Cap:	30%
Buffer:	15%
Downside leverage:	117.647%
Pricing date:	Jan. 20, 2023
Settlement date:	Jan. 25, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.5%
Cusip:	48133TYM1

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