New Issue: JPMorgan prices $95,000 capped lookback notes on S&P 500

By Kiku Steinfeld

Chicago, Nov. 1 – JPMorgan Chase Financial Co. LLC priced $95,000 of 0% capped lookback notes due April 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The initial index level, or the lookback level, will be the lowest closing level of the index during the period from the March 31, 2023 pricing date to and including June 30, 2023 and will not be greater than the closing level of 4,109.31 on the pricing date.

If the final index level is greater than the initial level – the lookback value – the payout at maturity will be par plus the index gain, up to a maximum return of 24%.

Otherwise, investors will receive par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped lookback notes
Underlying index:	S&P 500
Amount:	$95,000
Maturity:	April 3, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than the initial level, or lookback value, par plus the index gain, capped at 24%; otherwise, par
Initial level:	Lowest closing level of the index during the period from pricing date to and including June 30, 2023 and will not be greater than the closing level of 4,109.31 on the pricing date.
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	3.5%
Cusip:	48133UQR6

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