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Published on 11/2/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $3.73 million uncapped digital accelerated barrier notes on Dow, S&P

Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $3.73 million of 0% uncapped digital accelerated barrier notes due Nov. 1, 2028 linked to the performance of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing index finishes at or above its initial level, the payout at maturity will be the greater of par plus 40% and par plus 1.315 times the return of that index.

If the worst performer declines but finishes at or above its 55% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped digital accelerated barrier notes
Underlying indexes:S&P 500 index, Dow Jones industrial average
Amount:$3,730,000
Maturity:Nov. 1, 2028
Coupon:0%
Price:Par
Payout at maturity:If worst performer finishes at or above initial level, the greater of par plus 40% and par plus 1.315 times the return of that index; if laggard index declines but finishes at or above barrier level, par; otherwise, full exposure to decline of laggard index from initial level
Initial levels:4,117.37 for S&P, 32,417.59 for Dow
Barrier levels:2,264.5535 for S&P, 17,829.6745 for Dow; 55% of initial levels
Pricing date:Oct. 27
Settlement date:Nov. 1
Agent:J.P. Morgan Securities LLC
Fees:None
Cusip:48134BQZ9

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