New Issue: JPMorgan prices $25,000 capped lookback notes on S&P 500

By Kiku Steinfeld

Chicago, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $25,000 of 0% capped lookback notes due Oct. 3, 2024 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.

The payout at maturity will be par plus the index gain, capped at 9.6%, if the final level of the index is greater than the lookback level – the lowest of the closing levels of the index on March 31, 2023, April 10, 2023, April 14, 2023, April 21, 2023, April 28, 2023, May 5, 2023, May 12, 2023, May 19, 2023, May 26, 2023 and May 31, 2023. The lookback level will be no greater than the closing level of 4,109.31 on the pricing date, March 31, 2023.

Otherwise, investors will receive par.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped lookback notes
Underlying index:	S&P 500
Amount:	$25,000
Maturity:	Oct. 3, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus gain, capped at 9.6%, if final level is greater than lookback level; this level will be the lowest of the closing levels on March 31, 2023, April 10, 2023, April 14, 2023, April 21, 2023, April 28, 2023, May 5, 2023, May 12, 2023, May 19, 2023, May 26, 2023 and May 31, 2023; not to exceed 4,109.31; if index return is negative, par
Pricing date:	March 31, 2023
Settlement date:	April 5, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.625%
Cusip:	48133UQT2

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