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Published on 10/11/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $840,000 autocallable contingent interest notes tied to Alphabet

Chicago, Oct. 11 – JPMorgan Chase Financial Co. LLC priced $840,000 of autocallable contingent interest notes due Oct. 8, 2026 linked to the class A common stock of Alphabet Inc., according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 9%, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date.

The securities will be called automatically starting after six months at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date.

At maturity the payout will be par unless the stock closes below its 60% trigger level in which case investors will be fully exposed to the decline of the stock.

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:Autocallable contingent interest notes
Underlying stock:Alphabet Inc. (Ticker: GOOGL)
Amount:$840,000
Maturity:Oct. 8, 2026
Coupon:9% annual rate, paid monthly, if the underlying stock closes at or above its 70% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:Par unless the stock closes below its trigger level in which case investors will be fully exposed to the decline in the stock
Call:Automatically starting after six months at par if the price of the underlying stock is greater than or equal to its initial price and on any subsequent monthly review date
Initial level:$135.24
Coupon barrier:$94.668, 70% of initial level
Trigger level:$81.144, 60% of initial level
Pricing date:Oct. 4
Settlement date:Oct. 10
Agent:J.P. Morgan Securities LLC
Fees:2.75%
Cusip:48134BBU6

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