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Published on 2/1/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.64 million digital barrier notes linked to Russell 2000, two ETFs

New York, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $2.64 million of 0% digital barrier notes due Jan. 22, 2027 linked to the Materials Select Sector SPDR Fund, the Russell 2000 index and the VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends at or above its 50% barrier, the payout at maturity will be par plus 31%.

Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from 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:Digital barrier notes
Underlying assets:Materials Select Sector SPDR Fund, Russell 2000 index and VanEck Gold Miners ETF
Amount:$2,641,000
Maturity:Jan. 22, 2027
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset finishes at or above its 50% barrier, par plus 31%; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
Initial levels:$81.89 for Materials Select Sector SPDR Fund, 1,913.166 for Russell 2000, $27.51 for VanEck Gold Miners ETF
Digital payment:31%
Barriers:$40.945 for Materials Select Sector SPDR Fund, 956.583 for Russell 2000, $13.755 for VanEck Gold Miners ETF, 50% of initial levels
Pricing date:Jan. 17
Settlement date:Jan. 22
Agent:J.P. Morgan Securities LLC
Fees:0.95%
Cusip:48134TVA9

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