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Published on 2/24/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $1.03 million autocallable buffered equity notes linked to S&P

Chicago, Feb. 24 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% autocallable buffered equity notes due Feb. 21, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus a 9% call premium if the index closes at or above 90% of its initial level on March 1, 2024.

If the index finishes above its initial level, the payout will be par plus the greater of 18% and the return of the index.

If the index declines but not more than 20%, the payout will be par.

Otherwise, investors will lose 1.25% for each 1% decline of the index beyond 20%.

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:Autocallable buffered equity notes
Underlying index:S&P 500 index
Amount:$1,025,000
Maturity:Feb. 21, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is positive, par plus greater of 18% or index return; par if index declines but not more than 20%; otherwise, 1.25% loss for each 1% decline of index beyond 20%
Call:At par plus 9% if the index closes at or above 90% of its initial level on March 1, 2024
Initial level:4,079.09
Buffer level:80% of initial level
Pricing date:Feb. 17
Settlement date:Feb. 23
Agent:J.P. Morgan Securities LLC
Fees:1.5%
Cusip:48133UF80

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