New Issue: JPMorgan prices $507,000 digital barrier notes linked to S&P, EM ETF

By Kiku Steinfeld

Chicago, May 30 – JPMorgan Chase Financial Co. LLC priced $507,000 of 0% digital barrier notes due Jan. 23, 2026 linked to the S&P 500 index and iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends above its 60% barrier level, the payout at maturity will be par plus 27.5%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier 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:	Digital barrier notes
Underlying assets:	S&P 500 index and iShares MSCI Emerging Markets ETF
Amount:	$507,000
Maturity:	Jan. 23, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset finishes at or above its 60% barrier level, par plus 27.5%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier level
Initial levels:	3,972.61 for S&P, $41.73 for EM
Digital payment:	27.5%
Barrier levels:	2383.566 for S&P, $25.038 for EM, 60% of initial levels
Pricing date:	Jan. 20, 2023
Settlement date:	Jan. 25, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.95%
Cusip:	48133TZU2

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