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Published on 3/11/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $8.87 million trigger jump securities linked to S&P 500

New York, March 11 – JPMorgan Chase Financial Co. LLC priced $8.87 million of 0% trigger jump securities due June 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is zero or positive, the payout at maturity will be par plus 12%.

Investors will receive par if the index declines but finishes at or above the 90% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Trigger jump securities
Underlying index:S&P 500 index
Amount:$8,874,000
Maturity:June 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If index return is zero or positive, par plus 12%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
Initial level:5,096.27
Upside payment:12%
Trigger:4,586.643, 90% of initial level
Pricing date:Feb. 29
Settlement date:March 5
Agent:J.P. Morgan Securities LLC
Distributor:Morgan Stanley
Fees:2.25%
Cusip:48134WB55

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