New Issue: JPMorgan prices $715,000 uncapped accelerated barrier notes on index, ETF basket

By Kiku Steinfeld

Chicago, Nov. 1 – JPMorgan Chase Financial Co. LLC priced $715,000 of 0% uncapped accelerated barrier notes due April 5, 2028 linked to a basket consisting of the S&P 500 index with a 35% weight, the Russell 2000 index with a 35% weight, the iShares MSCI EAFE exchange-traded fund with a 20% weight and the iShares MSCI Emerging Markets ETF with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.22 times any basket gain.

The payout will be par if the basket falls by up to 35%. Otherwise, investors will lose 1% for every 1% decline below the basket’s initial level.

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:	Uncapped accelerated barrier notes
Underlying basket:	S&P 500 (35% weight), Russell 2000 index (35% weight), iShares MSCI EAFE ETF (20% weight), and iShares MSCI Emerging Markets ETF index (10% weight)
Amount:	$715,000
Maturity:	April 5, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.22 times any basket gain; par if basket falls by up to 35%; otherwise full exposure to losses
Initial level:	4,109.31 for S&P, 1,802.484 for Russell, $71.52 for EAFE, $39.46 for EM
Barrier level:	65% of initial basket level
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.04633%
Cusip:	48133VJP6

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