New Issue: JPMorgan prices $112,000 uncapped accelerated barrier notes linked to MerQube

By Kiku Steinfeld

Chicago, March 11 – JPMorgan Chase Financial Co. LLC priced $112,000 of 0% uncapped accelerated barrier notes due July 3, 2028 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout at maturity will be par plus 290% of the return of the index. The payout will be par if the index declines but finishes above its 50% barrier. Investors will lose 1% for every 1% that the index declines if it closes below its barrier.

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 accelerated barrier notes
Underlying index:	MerQube US Large-Cap Vol Advantage index
Amount:	$112,000
Maturity:	July 3, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains par plus 290% of index return; par if index declines but finishes above its downside barrier; 1% loss for every 1% that index declines if it finishes below its downside barrier
Initial level:	2,619.14
Upside leverage:	290%
Cap:	None
Barrier:	1,309.57, 50% of initial level
Pricing date:	June 28, 2023
Settlement date:	June 30, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	4%
Cusip:	48133XTT3

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