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Published on 1/25/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $12.75 million 0% dual directional buffered PLUS linked to Russell 2000

New York, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $12.75 million of 0% dual directional buffered PLUS due Feb. 4, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout will be par plus 200% of the index return subject to a maximum return of par plus 24.35%.

The payout will be par plus the absolute value of the index return if the index declines but by no more than the 10% buffer.

Investors will lose 1% for every 1% that the index declines beyond the buffer.

The securities are non-callable.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Dual directional buffered PLUS
Underlying index:Russell 2000 index
Amount:$12,745,000
Maturity:Feb. 4, 2026
Coupon:0%
Price:Par
Payout at maturity:If index gains par plus 200% of index return subject to a maximum return of par plus 24.35%; par plus absolute value of index return if index declines but by no more than the 10% buffer; 1% loss for every 1% that index declines beyond buffer
Upside leverage:200%
Cap:24.35%
Buffer:10%
Call:Non-callable
Initial level:1,913.166
Pricing date:Jan. 17
Settlement date:Jan. 22
Agent:J.P. Morgan Securities LLC
Distributor:Morgan Stanley
Fees:2.5%
Cusip:48134TGA6

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