New Issue: JPMorgan sells $500,000 capped bearish return enhanced notes on S&P ETF

Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped bearish return enhanced notes due Nov. 16, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the ETF finishes below its initial level, investors will gain 3% for every 1% decline, subject to a maximum return of par plus 38.5%.

If the ETF gains, investors will lose 1% for every 1% gain, provided that the payout will not be less than zero.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped bearish return enhanced notes
Underlying ETF:	SPDR S&P 500 ETF Trust
Amount:	$500,000
Maturity:	Nov. 16, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 3% for every 1% ETF decline, capped at par plus 38.5%; if ETF gains, 1% loss for every 1% gain, subject to floor of zero
Initial value:	$412.13
Pricing date:	May 12, 2023
Settlement date:	May 17, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.2%
Cusip:	48133WQJ0

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