New Issue: JPMorgan prices $230,000 buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 27 – JPMorgan Chase Financial Co. LLC priced $230,000 of 0% capped buffered return enhanced notes due Sept. 14, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 1.25 times the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines if it declines by more than 20%.

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:	Capped buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$230,000
Maturity:	Sept. 14, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.25 times any index gain; par if index declines by 20% or less; otherwise, full exposure to index’s decline
Initial index level:	4,067.36
Contingent buffer:	20%
Barrier level:	80% of initial level
Pricing date:	Sept. 9, 2022
Settlement date:	Sept. 14, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	48133MS27

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