New Issue: JPMorgan prices $920,000 bearish review notes linked to Russell

By Kiku Steinfeld

Chicago, June 29 – JPMorgan Chase Financial Co. LLC priced $920,000 of 0% bearish review notes due Feb. 8, 2024 based on the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be automatically called at par plus an annualized call premium of 31.45% if the index closes at or below its initial level on any quarterly observation date starting Aug. 2, 2023.

If the notes are not called at maturity, investors will lose 1% for every 1% that the index finishes above its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Bearish review notes
Underlying index:	Russell 2000
Amount:	$920,000
Proceeds:	$919,737.50
Maturity:	Feb. 8, 2024
Coupon:	0%
Price:	Par for $905,000; 98.25 for $15,000
Payout at maturity:	If notes are not called at maturity, 1% loss for every 1% gain of the index
Call:	Automatically at par plus an annualized call premium of 31.45% if the index closes at or below its initial level on any quarterly observation date starting Aug. 2, 2023
Initial level:	2,001.221
Pricing date:	Feb. 2, 2023
Settlement date:	Feb. 7, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.75%
Cusip:	48133T5G6

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