New Issue: JPMorgan prices $500,000 knock-out notes linked to SPDR Gold Trust

By Kiku Steinfeld

Chicago, Oct. 16 - JPMorgan Chase Financial Company LLC priced $500,000 of 0% knock-out notes due April 2, 2024 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event will occur if the trust’s closing share price is greater than the initial share price by more than 18.1% on any day during the life of the notes.

If a knock-out event occurs, the payout at maturity will be par plus 5%. Otherwise, the payout will be par plus the trust’s return, subject to a minimum payout of par.

J.P. Morgan Securities LLC is the agent

The guarantor is JPMorgan Chase & Co.

Issuer:	JPMorgan Chase Financial Company LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Knock-out notes
Underlying fund:	SPDR Gold Trust
Amount:	$500,000
Maturity:	April 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the closing share price is greater than 118.1% of the initial share price on any day during the life of the notes, par plus 5%; otherwise, par plus the trust’s return, subject to a floor of par
Initial price:	$181.95
Pricing date:	March 27, 2023
Settlement date:	March 30, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	48133VHK9

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