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Published on 3/7/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2 million capped buffered return enhanced notes linked to Russell

New York, March 7 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered return enhanced notes due Oct. 4, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 26% plus 271.5% of the return of the index, capped at par plus 66.725%.

If the index declines by no more than 13%, the payout will be par plus 200% of the sum of the return and 13%.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 13%.

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:Capped buffered return enhanced notes
Underlying index:Russell 2000 index
Amount:$2 million
Maturity:Oct. 4, 2028
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 26% plus 271.5% of index return, capped at par plus 66.725%; if index declines by no more than 13%, par plus 200% of the sum of the return and 13%; otherwise, 1% loss for every 1% that index declines beyond 13%
Initial level:Arithmetic average of index closing levels on every trading day between Feb. 27 and May 25, inclusive
Ending level:Arithmetic average of index closing levels on every trading day between July 3, 2028 and Sept. 29, 2028, inclusive
Upside leverage:271.5%
Cap:66.725%
Buffer:13%
Pricing date:Feb. 28
Settlement date:March 3
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48133US29

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