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Published on 8/16/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $725,000 6.75% yield notes linked to Nasdaq, Russell, S&P ETF

Chicago, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $725,000 of yield notes due Jan. 24, 2024 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 6.75%, paid monthly.

If the worst performing asset gains or ends above its 50% trigger the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing asset if it finished below its trigger.

The notes are non-callable.

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:Yield notes
Underlying assets:Nasdaq-100 index, Russell 2000 index and SPDR S&P 500 ETF Trust
Amount:$725,000
Maturity:Jan. 24, 2024
Coupon:6.75% annual rate, paid monthly
Price:Par
Payout at maturity:If worst performing asset finishes at or above its 50% trigger, par; otherwise, 1% loss for every 1% that worst performing asset declines
Call:Non-callable
Initial levels:12,249.42 for Nasdaq, 1,799.324 for Russell, $392.27 for S&P ETF
Triggers:6,124.71 for Nasdaq, 899.662 for Russell, $196.135 for S&P ETF, 50% of initial levels
Pricing date:July 19, 2022
Settlement date:July 22, 2022
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48133LRM6

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