New Issue: JPMorgan prices $1.5 million yield notes on indexes

By Kiku Steinfeld

Chicago, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.5 million of yield notes due May 19, 2023 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon at a rate of 2.8% over the six-month term of the notes, payable monthly at a rate of 0.46667% per month.

If the worst performing index gains or ends at or above its 25% buffer, the payout at maturity will be par plus the final coupon. Otherwise, investors will lose 1% for each 1% decline in the worst performing index beyond its buffer.

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 indexes:	Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:	$1.5 million
Maturity:	May 19, 2023
Coupon:	2.8% over the six-month term of the notes, payable monthly at a rate of 0.46667% per month
Price:	Par
Payout at maturity:	If worst performing index finishes at or above its 25% buffer, par; otherwise, 1% loss for every 1% that worst performing index declines beyond its buffer
Initial levels:	11,699.09 for Nasdaq, 1,853.165 for Russell, 3,958.79 for S&P
Buffer:	25%
Call:	Non-callable
Pricing date:	Nov. 16, 2022
Settlement date:	Nov. 21, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	0.6%
Cusip:	48133PTJ2

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