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Published on 2/12/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $30,000 return notes linked to J.P. Morgan Kronos+

By Kiku Steinfeld

Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $30,000 of 0% return notes due Feb. 3, 2026 linked to the J.P. Morgan Kronos+ index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus the index return all multiplied by an adjustment factor of 102.5%.

Investors will receive less than par if the index declines by 2.43902%.

The level of the index reflects the deduction of a fee of 0.95% per year that accrues daily and, in some circumstances, a notional financing cost.

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:Return notes
Underlying index:J.P. Morgan Kronos+
Amount:$30,000
Maturity:Feb. 3, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus return, all multiplied by 102.5%
Initial level:191.31
Pricing date:Jan. 29
Settlement date:Feb. 3
Agent:J.P. Morgan Securities LLC
Fees:1.25%
Cusip:48132RMQ0

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