New Issue: JPMorgan prices $500,000 uncapped buffered return enhanced notes on Health Care Select

By Kiku Steinfeld

Chicago, May 15 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped buffered return enhanced notes due Jan. 15, 2026 linked to the Health Care Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains, the payout at maturity will be par plus 103% of the return of the ETF. The payout will be par if the ETF declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the ETF declines beyond the buffer.

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:	Uncapped buffered return enhanced notes
Underlying ETF:	Health Care Select Sector SPDR Fund
Amount:	$500,000
Maturity:	Jan. 15, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF gains, par plus 103% of ETF return; par if ETF declines but by no more than 20% buffer; 1% loss for every 1% that ETF declines beyond the buffer
Initial level:	$135.28
Upside leverage:	103%
Cap:	None
Buffer:	20%
Pricing date:	Jan. 11, 2023
Settlement date:	Jan. 17, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.25%
Cusip:	48133TVM4

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