New Issue: JPMorgan prices $3.28 million uncapped digital accelerated barrier notes on Dow, S&P

By William Gullotti

Buffalo, N.Y., May 10 – JPMorgan Chase Financial Co. LLC priced $3.28 million of 0% uncapped digital accelerated barrier notes due May 10, 2028 linked to the performance of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the laggard index finishes flat or gains, the payout at maturity will be the greater of par plus 1.185 times the return of the laggard index and par plus 40%.

If the laggard index declines by no more than 45%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.

The notes are guaranteed by JPMorgan Chase & Co.

The agent is J.P. Morgan Securities LLC.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped digital accelerated barrier notes
Underlying indexes:	Dow Jones industrial average, S&P 500 index
Amount:	$1,833,000
Maturity:	May 10, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If laggard index finishes flat or gains, the greater of par plus 1.185 times the return of the laggard index and par plus 40%; if laggard index falls by up to 45%, par; otherwise, full exposure to decline of worst performer from initial level
Initial levels:	33,674.38 for Dow, 4,136.25 for S&P
Barrier levels:	18,520.909 for Dow, 2,274.9375 for S&P; 55% of initial levels
Pricing date:	May 5
Settlement date:	May 12
Agent:	J.P. Morgan Securities LLC
Fees:	None
Cusip:	48133VY38

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