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Published on 11/21/2022 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $10.88 million floating rate notes linked to CPI

By Wendy Van Sickle

Columbus, Ohio, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $10.88 million of floating rate notes due May 16, 2025, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

Interest will be equal to the year-over-year change in the Consumer Price Index, subject to a floor of 0%. Interest will be reset and payable monthly.

The payout at maturity will be par plus accrued interest.

J.P. Morgan Securities Inc. is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Floating rate notes
Amount:$10,884,000
Maturity:May 16, 2025
Coupon:Year-over-year change in CPI, floor of 0%; reset and payable monthly
Price:Par
Payout at maturity:Par
Pricing date:Nov. 15
Settlement date:Nov. 17
Underwriter:J.P. Morgan Securities Inc.
Fees:1.6863%
Cusip:48133PAT0

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