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Published on 12/1/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.45 million digital barrier notes linked to two stocks

Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% digital barrier notes due Dec. 5, 2024 linked to the lesser performing of Walgreens Boots Alliance, Inc. and General Mills, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset ends above its 55% barrier, the payout at maturity will be par plus 15.5%. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier.

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 barrier notes
Underlying assets:Walgreens Boots Alliance, Inc. and General Mills, Inc.
Amount:$1,447,000
Maturity:Dec. 5, 2024
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset finishes at or above its 55% barrier, par plus 15.5%; 1% loss for every 1% that worst performing asset declines if it finishes below its barrier
Initial levels:$20.11 for Walgreens, $63.58 for General Mills
Barrier levels:$11.0605 for Walgreens, $34.969 for General Mills, 55% of initial levels
Pricing date:Nov. 27
Settlement date:Nov. 30
Agent:J.P. Morgan Securities LLC
Fees:0.45%
Cusip:48134RSU3

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