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Published on 1/17/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.35 million digital equity notes linked to S&P 500

By William Gullotti

Buffalo, N.Y., Jan. 17 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% digital equity notes due Nov. 26, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

At maturity, investors will receive par plus 21.875% if the index finishes at or above its 75.69% threshold and lose 1.3212% for every 1% decline beyond 24.31%.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Digital equity notes
Underlying index:S&P 500 index
Amount:$1,345,000
Maturity:Nov. 26, 2025
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above threshold level, par plus 21.875%; otherwise, lose 1.3212% for every 1% decline beyond 24.31%
Initial level:3,969.61
Threshold level:75.69% of initial level
Pricing date:Jan. 11
Settlement date:Jan. 19
Agent:J.P. Morgan Securities LLC
Fees:2.27%
Cusip:48133THB4

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