New Issue: JPMorgan prices $70,000 buffered return enhanced notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 12 – JPMorgan Chase Financial Co. LLC priced $70,000 of 0% capped buffered return enhanced notes due Sept. 8, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is positive, the payout at maturity will be par plus 1.23 times the index return. The payout will be par if the index declines by 20% or less. If the index declines by more than 20%, investors will lose 1% for every 1% that the index declines from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped buffered return enhanced notes
Underlying index:	S&P 500
Amount:	$70,000
Maturity:	Sept. 8, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	If the return is positive, par plus 1.23 times index return; par if index declines by 20% or less; otherwise, 1% loss for every 1% that index declines from initial level
Initial index level:	3,924.26
Pricing date:	Sept. 2, 2022
Settlement date:	Sept. 8, 2022
Agent:	J.P. Morgan Securities LLC
Fees:	3%
Cusip:	48133M2M1

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