New Issue: JPMorgan prices $100,000 review notes linked to MerQube US Tech+

By Kiku Steinfeld

Chicago, May 23 – JPMorgan Chase Financial Co. LLC priced $100,000 of 0% review notes due Jan. 18, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index ends above its 60% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.

The notes will be called automatically starting Jan. 17, 2024 at par and on any subsequent annual review date at a premium of 33% per year if the index 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 index:	MerQube US Tech+ Vol Advantage index
Amount:	$100,000
Maturity:	Jan. 18, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Initial level:	6,004.87
Downside threshold:	3,602.922, 60% of initial level
Call:	Automatically starting Jan. 17, 2024 at par and on any subsequent annual review date at a premium of 33% per year if the index closes above 100% of its initial value
Pricing date:	Jan. 17, 2023
Settlement date:	Jan. 20, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.85%
Cusip:	48133TXQ3

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