New Issue: JPMorgan prices $583,000 review notes linked to S&P 500, Gold ETF

By Kiku Steinfeld

Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $583,000 of 0% review notes due June 28, 2028 linked to the S&P 500 index and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset gains or declines by no more than its 15% buffer the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing asset declines beyond the buffer.

The notes will be called automatically starting July 1, 2024 on any annual review date at a premium of 16.2% per year if the worst performing asset closes above 100% of its initial value.

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:	Review notes
Underlying assets:	S&P 500 index and VanEck Gold Miners ETF
Amount:	$583,000
Maturity:	June 28, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing asset gains or declines by no more than the 15% buffer, par; otherwise 1% loss for every 1% that worst performing asset declines beyond the buffer
Initial levels:	4,348.33 for S&P 500, $29.79 for VanEck Gold Miners ETF
Buffer:	15%
Call:	Automatically starting July 1, 2024 on any annual review date at a premium of 16.2% per year if the worst performing asset closes above 100% of its initial value
Pricing date:	June 23, 2023
Settlement date:	June 28, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.125%
Cusip:	48133XZU3

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