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Published on 2/21/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.03 million digital barrier notes on indexes, ETF

New York, Feb. 21 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% digital barrier notes due March 18, 2025 linked to the Nasdaq-100 Technology Sector index, 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 ends above its 50% barrier the payout at maturity will be par plus 13%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.

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:Nasdaq-100 Technology Sector index, Russell 2000 index and SPDR S&P Regional Banking ETF
Amount:$1,034,000
Maturity:March 18, 2025
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset finishes at or above its 50% barrier, par plus 13%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
Initial levels:10,154.50 for Nasdaq-100 Technology Sector, 1,964.174 for Russell 2000, $46.83 for SPDR S&P Regional Banking ETF
Digital payment:13%
Barriers:5,077.25 for Nasdaq-100 Technology Sector, 982.087 for Russell 2000, $23.415 for SPDR S&P Regional Banking ETF, 50% of initial level
Pricing date:Feb. 13
Settlement date:Feb. 16
Agent:J.P. Morgan Securities LLC
Fees:0.725%
Cusip:48134WFP7

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