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

New Issue: JPMorgan prices $1.07 million uncapped accelerated barrier notes linked to Russell

New York, Oct. 11 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% uncapped accelerated barrier notes due Oct. 1, 2026 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 113.85% of the return of the index.

The payout will be par if the index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from its initial 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:Uncapped accelerated barrier notes
Underlying index:Russell 2000 index
Amount:$1,065,000
Maturity:Oct. 1, 2026
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 113.85% of index return; par if index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:1,778.903
Upside leverage:113.85%
Barrier:1,245.2321, 70% of initial level
Strike date:Sept. 27
Pricing date:Sept. 28
Settlement date:Oct. 2
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48134BML4

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