New Issue: JPMorgan sells $766,000 capped accelerated barrier notes on S&P, Russell

By Taylor Fox

New York, March 11 – JPMorgan Chase Financial Co. LLC priced $766,000 of 0% capped accelerated barrier notes due Feb. 28, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index finishes above its initial level, the payout at maturity will be par plus 2 times the gain of the lesser performing index, subject to a maximum payout of par plus 24.25%.

If either index falls but neither falls below the barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped accelerated barrier notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$766,000
Maturity:	Feb. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 2 times any gain in the lesser performing index, capped at par plus 24.25%; if either index falls but neither finishes below the barrier level, par; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial level:	3,811.15 for S&P and 2,201.051 for Russell
Barrier level:	2,667.805 for S&P and 1,540.7357 for Russell, 70% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.35933%
Cusip:	48132RUW8

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