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Published on 2/15/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.5 million digital notes linked to Russell index, SPDR ETF

New York, Feb. 15 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% digital notes due March 13, 2025 linked to the Russell 2000 index and SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset finishes flat or gains, the payout at maturity will be par plus 35.25%.

Otherwise, investors will be fully exposed to the decline of the worst performing asset.

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 notes
Underlying assets:Russell 2000 index and SPDR S&P Regional Banking ETF
Amount:$1,495,000
Maturity:March 13, 2025
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset finishes flat or gains, par plus 35.25%; otherwise, 1% loss for each 1% decline of worst performing asset
Initial levels:2,009.992 for Russell 2000, $47.87 for SPDR S&P Regional Banking ETF
Digital payment:35.25%
Pricing date:Feb. 9
Settlement date:Feb. 14
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48134T5N0

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