New Issue: JPMorgan prices $340,000 uncapped digital barrier notes linked to ARK ETFs

By Kiku Steinfeld

Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $340,000 of 0% uncapped digital barrier notes due March 23, 2026 linked to the ARK Fintech Innovation ETF, ARK Genomic Revolution ETF and ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing ETF ends above its 70% barrier, the payout at maturity will be par plus the greater of the worst performing ETF return and 84%. Investors will lose 1% for every 1% that the worst performing ETF declines if it finishes below the 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 digital barrier notes
Underlying ETFs:	ARK Fintech Innovation ETF, ARK Genomic Revolution ETF and ARK Innovation ETF
Amount:	$340,000
Maturity:	March 23, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing ETF finishes at or above its 70% barrier, par plus greater of worst performing ETF return and 84%; 1% loss for every 1% that worst performing ETF declines if it finishes below its barrier
Initial levels:	$29.62 for Fintech, $46.18 for Genomic, $65.77 for Innovation ETF
Digital payment:	84%
Barriers:	$20.734 for Fintech, $32.326 for Genomic Revolution ETF, $46.039 for Innovation, 70% of initial level
Pricing date:	March 18
Settlement date:	March 23
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48133DMA5

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