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Published on 6/8/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $4.03 million capped trigger gears linked to Dow

By William Gullotti

Buffalo, N.Y., June 8 – JPMorgan Chase Financial Co. LLC priced $4.03 million of 0% capped trigger gears due May 29, 2026 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par of $10 plus 300% of any index gain, capped at par plus 33%.

Investors will receive par if the index declines by up to 25% and be fully exposed to decline if it declines beyond 25%.

UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped trigger gears
Underlying index:Dow Jones industrial average
Amount:$4,033,850
Maturity:May 29, 2026
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at par plus 33%; par if the index falls by up to 25%; otherwise, 1% for every 1% decline from initial level
Initial level:32,764.65
Downside threshold:24,573.49; 75% of initial level
Pricing date:May 25
Settlement date:May 31
Agents:UBS Financial Services Inc. and J.P. Morgan Securities LLC
Fees:2.5%
Cusip:48130Y495

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