New Issue: JPMorgan prices $18.03 million digital equity notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 18 – JPMorgan Chase Financial Co. LLC priced $18.03 million of 0% digital equity notes due April 23, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 17.5%, the payout at maturity will be $1,201.50 per $1,000 principal amount of notes. Otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.

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 equity notes
Underlying index:	S&P 500 index
Amount:	$18,033,000
Maturity:	April 23, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to negative 17.5%, par plus 20.15%; otherwise, 1.2121% loss for every 1% that the index declines beyond 17.5%
Initial level:	4,050.83
Buffer level:	82.5% of initial level
Pricing date:	March 30, 2023
Settlement date:	April 6, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0%
Cusip:	48133VLM0

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