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Published on 2/11/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $810,000 13.3% callable yield notes linked to Foot Locker

Chicago, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $810,000 of 13.3% callable yield notes due May 29, 2025 linked to the common stock of Foot Locker, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be paid quarterly.

The notes may be called quarterly starting Nov. 29, 2023 at par.

The payout at maturity will be par if the stock finishes at or above its 50% trigger. Investors will lose 1% for every 1% that the stock declines if it finishes below the trigger level.

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:Callable yield notes
Underlying stock:Foot Locker, Inc.
Amount:$810,000
Maturity:May 29, 2025
Coupon:13.3% annual rate, paid quarterly
Price:Par
Payout at maturity:Par if stock finishes at or above its trigger value; otherwise, 1% loss for every 1% that stock declines
Call:Quarterly starting Nov. 29, 2023 at par
Initial level:$27.11
Trigger level:$13.555, 50% of initial level
Pricing date:May 23, 2023
Settlement date:May 26, 2023
Agent:J.P. Morgan Securities LLC
Fees:1.75%
Cusip:48133WVH8

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