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Published on 8/26/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.04 million uncapped buffered return enhanced notes on two tech stocks

By William Gullotti

Buffalo, N.Y., Aug. 26 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% uncapped buffered return enhanced notes due Aug. 22, 2024 linked to the stock performance of GitLab Inc. and Palo Alto Networks, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If each stock gains, the payout at maturity will be par plus 2.495 times the return of the lesser-performing stock.

If either stock finishes flat or falls by up to 10%, the payout will be par.

If either stock falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing stock declines beyond the buffer.

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:Uncapped buffered return enhanced notes
Underlying stocks:GitLab Inc., Palo Alto Networks, Inc.
Amount:$1.04 million
Maturity:Aug. 22, 2024
Coupon:0%
Price:Par
Payout at maturity:If each stock gains, par plus 2.495 times return of lesser-performing stock; par if either stock finishes flat or falls up to buffer; 1% loss for every 1% that lesser-performing stock declines beyond buffer
Initial levels:$513.51 for Palo Alto Networks, $61.07 for GitLab
Buffer levels:90% of initial levels
Strike date:Aug. 19
Pricing date:Aug. 23
Settlement date:Aug. 26
Agent:J.P. Morgan Securities LLC
Fees:None
Cusip:48133MQS2

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