New Issue: JPMorgan prices $950,000 capped accelerated barrier notes linked to Microsoft

By Kiku Steinfeld

Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $950,000 of 0% capped accelerated barrier notes due Dec. 19, 2024 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock gains the payout at maturity will be par plus 200% of the return of the stock capped at par plus 27%. The payout will be par if the stock declines but finishes above its 80% barrier. Investors will lose 1% for every 1% that the stock declines if it closes below its 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:	Capped accelerated barrier notes
Underlying stock:	Microsoft Corp.
Amount:	$950,000
Maturity:	Dec. 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains par plus 200% of stock return capped at par plus 27%; par if stock declines but finishes above its downside barrier; 1% loss for every 1% that stock declines if it finishes below its downside barrier
Initial level:	$342.33
Upside leverage:	200%
Cap:	27%
Barrier:	$273.864, 80% of initial level
Pricing date:	June 16, 2023
Settlement date:	June 22, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	2.25%
Cusip:	48133XSJ6

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