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Published on 7/25/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $250,000 8.95% autocallable contingent interest notes on indexes

By Kiku Steinfeld

Chicago, July 25 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable contingent interest notes due Aug. 22, 2024 linked to the Russell 2000 index, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.95% per year paid quarterly if the worst performing index closes at or above its 70% trigger level on the related valuation date.

The securities will be called automatically starting Feb. 20, 2024 on any quarterly review date if each index closes at or above its initial level.

At maturity the payout will be par unless any index closes below its 70% trigger level, in which case investors will be exposed to the losses of the least performing index.

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 contingent interest notes
Underlying indexes:Russell 2000 index, Nasdaq-100 index and S&P 500 index
Amount:$250,000
Maturity:Aug. 22, 2024
Coupon:8.95% per year paid quarterly if the worst performing index closes at or above its trigger level on the related valuation date
Price:Par
Payout at maturity:Par unless any index closes below its 70% trigger level, in which case investors will be exposed to the losses of the least performing index
Call:Automatically starting Feb. 20, 2024 on any quarterly review date if each index closes at or above its initial level
Initial levels:12,358.18 for Nasdaq, 1,946.356 for Russell, 4,079.09 for S&P
Trigger levels:8,650.726 for Nasdaq, 1,362.4492 for Russell, 2,855.363 for S&P; 70% of initial levels
Pricing date:Feb. 17, 2023
Settlement date:Feb. 23, 2023
Agent:J.P. Morgan Securities LLC
Fees:0.65%
Cusip:48133UED0

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