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Published on 2/6/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $557,000 0% uncapped dual directional digital barrier notes on indexes

Chicago, Feb. 6 – JPMorgan Chase Financial Co. LLC priced $557,000 of 0% uncapped dual directional digital barrier notes due May 19, 2028 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout will be par plus the greater of the worst performing index return and the 51.25% digital payment.

The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above its 60% barrier.

Investors will lose 1% for every 1% that the worst performing index declines if it ends below its barrier.

The securities are non-callable.

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:Uncapped dual directional digital barrier notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:$557,000
Maturity:May 19, 2028
Coupon:0%
Price:Par
Payout at maturity:If worst performing index finishes at or above its initial value, par plus greater of worst performing index return and 51.25%; par if worst performing index declines but finishes above 60% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
Initial levels:33,012.14 for Dow, 13,426.01 for Nasdaq, 1,736.182 for Russell
Barrier levels:19,807.284 for Dow, 8,055.606 for Nasdaq, 1,041.7092 for Russell, 60% of initial levels
Digital payment:51.25%
Cap:None
Call:Non-callable
Pricing date:May 16, 2023
Settlement date:May 19, 2023
Agent:J.P. Morgan Securities LLC
Fees:0.75%
Cusip:48133WA32

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