New Issue: JPMorgan prices $100,000 autocallable barrier notes linked to MerQube US Large-Cap

By Kiku Steinfeld

Chicago, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $100,000 of 0% autocallable barrier notes due April 3, 2028 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at 151% of par if the index closes at or above its initial value on April 2, 2024.

If the index gains, the payout at maturity will be par plus the index return. Investors will receive par if the index declines but ends at or above its 50% barrier and they will lose 1% for every 1% that the index declines if it finishes below the barrier level.

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:	Autocallable barrier notes
Underlying index:	MerQube US Large-Cap Vol Advantage index
Amount:	$100,000
Maturity:	April 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial value, par plus index return; if index declines but finishes at or above its barrier level, par; 1% loss for every 1% that index declines if it finishes below its barrier level
Initial level:	2,293.92
Barrier level:	1,146.96, 50% of initial level
Call:	Automatically at par plus 51% if the index closes at or above its initial value on April 2, 2024
Pricing date:	March 29, 2023
Settlement date:	March 31, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	5%
Cusip:	48133VDW7

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