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Published on 1/9/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.25 million capped dual directional buffered equity notes on S&P

New York, Jan. 9 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% capped dual directional buffered equity notes due Feb. 3, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus the index return, capped at par plus 11.2%.

The payout will be par plus 150% of the absolute value of the index return if the index declines by no more than 10%.

Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

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:Capped dual directional buffered equity notes
Underlying index:S&P 500 index
Amount:$1.25 million
Maturity:Feb. 3, 2025
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus index return, capped at par plus 11.2%; par plus 150% of absolute value of index return if index declines by no more than 10%; otherwise, 1% loss for every 1% that index declines beyond 10%
Initial level:4,769.83
Cap:11.2%
Buffer:10%
Pricing date:Dec. 29
Settlement date:Jan. 4
Agent:J.P. Morgan Securities LLC
Fees:0.5%
Cusip:48134TGG3

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