New Issue: JPMorgan prices $322,000 buffered digital dual directional notes on S&P

By Kiku Steinfeld

Chicago, July 25 – JPMorgan Chase Financial Co. LLC priced $322,000 of 0% digital dual directional buffered notes due March 21, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 9.7%.

If the index falls but finishes at or above its 95% digital barrier level, investors will receive par plus 50% of the absolute value of the index return.

If the index finishes below 95% digital barrier level, but not below its 85% buffer level, investors will receive par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

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 dual directional buffered notes
Underlying index:	S&P 500
Amount:	$322,000
Maturity:	March 21, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial level, par plus 9.7%; if index drops but not below digital barrier level, par plus half of return’s absolute value; if index finishes below digital barrier level but not below buffer level, par; 1% loss for every 1% that the index declines beyond buffer
Initial level:	4,079.09
Digital barrier level:	3,875.1355, 95% of initial level
Buffer level:	85% of initial level
Pricing date:	Feb. 17, 2023
Settlement date:	Feb. 23, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48133UBQ4

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