New Issue: JPMorgan prices $51,000 digital barrier notes linked to Russell, S&P

By Kiku Steinfeld

Chicago, Jan. 4 – JPMorgan Chase Financial Co. LLC priced $51,000 of 0% digital barrier notes due May 30, 2024 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index ends above its 80% barrier the payout at maturity will be par plus 11.15%. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.

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:	Digital barrier notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$51,000
Maturity:	May 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 80% barrier, par plus 11.15%; 1% loss for every 1% that worst performing index declines if it finishes below its barrier
Initial levels:	1,788.874 for Russell 2000, 4,137.04 for S&P 500
Digital payment:	11.15%
Barriers:	1,431.0992 for Russell 2000, 3,309.632 for S&P 500, 80% of initial level
Pricing date:	April 24, 2023
Settlement date:	April 27, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	2.225%
Cusip:	48133VT42

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