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Published on 2/8/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.15 million notes linked to S&P, Stoxx

By Wendy Van Sickle

Columbus, Ohio, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1.15 million of 0% notes due Nov. 6, 2025 linked to the performance of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the final level of each index is greater than or equal to its initial index level, the payout at maturity will be par plus the return of the least performing index.

Otherwise, investors will have exposure to the first 5% of the losses of the laggard index.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Notes
Underlying indexes:S&P 500 index, Euro Stoxx 50 index
Amount:$1,154,000
Maturity:Nov. 6, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above initial level, par plus return of least performing index; otherwise, exposure to first 5% of losses of laggard index
Initial levels:4,906.19 for S&P, 4,638.6 for Stoxx
Pricing date:Feb. 1
Settlement date:Feb. 6
Agent:J.P. Morgan Securities LLC
Fees:0.9%
Cusip:48134T4G6

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