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Published on 10/16/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.22 million digital notes linked to Euro, Russell, S&P

Chicago, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% digital notes due Oct. 16, 2023 linked to the least performing of the Euro Stoxx 50 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive par plus a 10% contingent digital return if no index closes below 50% of its initial level during the life of the notes.

If this has happened, but all three indexes close above their initial levels, the payout will be par.

Otherwise, investors will be fully exposed to the losses of the worst performer.

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:Digital notes
Underlying indexes:Euro Stoxx 50 index, Russell 2000 index and S&P 500 index
Amount:$1,215,000
Maturity:Oct. 16, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 10% if no index closes below 50% trigger level during life of notes; par if any index closes below trigger level during life of notes but all three indexes finish positive; otherwise, full exposure to losses of worst performer
Initial levels:3,375.46 for Stoxx, 1,702.150 for Russell, 3,639.66 for S&P
Trigger levels:1,687.73 for Stoxx, 851.075 for Russell, 1,819.83 for S&P; 50% of initial levels
Digital payment:10%
Pricing date:Oct. 7, 2022
Settlement date:Oct. 13, 2022
Agent:J.P. Morgan Securities LLC
Fees:1.725%
Cusip:48133NUL0

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