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Published on 8/2/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $2 million uncapped return enhanced notes on SmallCap, Russell

Chicago, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% uncapped return enhanced notes due July 30, 2026 linked to the lesser performing of the S&P SmallCap 600 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

At maturity, if the least performing index gains, the payout at maturity will be par plus 1.38 times the return of the worst performer.

Investors will have full exposure to the decline of the least performing index if it finishes below its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped return enhanced notes
Underlying indexes:S&P SmallCap 600 index, Russell 2000 index
Amount:$2,003,000
Maturity:July 30, 2026
Coupon:0%
Price:Par
Payout at maturity:If least performing index gains, par plus 1.38 times the least performing index return; full exposure to decline of the least performing index if it finishes below its initial level
Initial index levels:1,263.58 for SmallCap, 1,966,112 for Russell
Pricing date:July 25
Settlement date:July 28
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48133YGZ1

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