New Issue: JPMorgan prices $2.26 million PLUS linked to Russell 2000

By Kiku Steinfeld

Chicago, April 15 – JPMorgan Chase Financial Co. LLC priced $2.26 million of 0% PLUS due Nov. 5, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index return subject to a maximum return of par plus 20.5%. Investors will lose 1% for every 1% that it declines.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	PLUS
Underlying index:	Russell 2000 index
Amount:	$2,259,000
Maturity:	Nov. 5, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return subject to a maximum return of par plus 20.5%; 1% loss for every 1% that index declines
Initial level:	1,931.090
Upside leverage:	300%
Cap:	20.5%
Pricing date:	July 14, 2023
Settlement date:	July 19, 2023
Agent:	J.P. Morgan Securities LLC
Distributor:	Morgan Stanley
Fees:	2.25%
Cusip:	48133X2J4

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