New Issue: JPMorgan prices $410,000 uncapped return enhanced notes on three ETFs

By Kiku Steinfeld

Chicago, March 11 – JPMorgan Chase Financial Co. LLC priced $410,000 of 0% uncapped return enhanced notes due July 3, 2028 linked to the least performing of the Invesco QQQ Trust, Series 1, the SPDR S&P 500 ETF Trust and the SPDR Dow Jones Industrial Average ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

At maturity, if the least performing ETF finishes flat or gains, the payout at maturity will be par plus 1.92 times the return of the worst performer.

Investors will have full exposure to the decline of the least performing ETF if it finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped return enhanced notes
Underlying funds:	SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average ETF Trust, Invesco QQQ Trust, Series 1
Amount:	$410,000
Maturity:	July 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If least performing ETF finishes flat or gains, par plus the 1.92 times the least performing ETF return; full exposure to decline of the least performing ETF if it finishes below its initial level
Initial ETF levels:	$436.39 for S&P ETF, $338.63 for Dow ETF, $364.54 for QQQ
Pricing date:	June 28, 2023
Settlement date:	July 3, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.3%
Cusip:	48133XZP4

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