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Published on 5/3/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $3.3 million uncapped return enhanced notes on S&P 500 ETF

Chicago, May 3 – JPMorgan Chase Financial Co. LLC priced $3.3 million of 0% uncapped return enhanced notes due May 1, 2028 linked to the SPDR S&P 500 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the ETF return is positive, the payout at maturity will be par plus 1.2905 times the ETF return. If the ETF return is negative, investors will have one-to-one exposure to the decline.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped return enhanced notes
Underlying ETF:SPDR S&P 500 ETF
Amount:$3,295,000
Maturity:May 1, 2028
Coupon:0%
Price:Par
Payout at maturity:If ETF return is positive, par plus 1.2905 times ETF return; if ETF return is negative, one-to-one exposure to decline
Initial ETF level:$404.36
Pricing date:April 26
Settlement date:May 1
Agent:J.P. Morgan Securities LLC
Fees:3.125%
Cusip:48133V2G4

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