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Published on 1/23/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.5 million uncapped buffered digital notes on S&P, Russell, Nasdaq, iShares ETF

By Wendy Van Sickle

Columbus, Ohio, Jan. 23 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% uncapped buffered digital notes due Dec. 30, 2027 linked to the least performing of the iShares MSCI EAFE ETF, the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each asset finishes at or above initial level, the payout at maturity will be the greater of par plus 85.45% and par plus the return of the laggard asset.

Investors will receive par if the laggard asset falls by no more than 10% and lose 1% for each 1% decline of the laggard asset beyond 10%.

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:Uncapped buffered digital notes
Underlying assets:iShares MSCI EAFE ETF, Nasdaq-100 index, S&P 500 index, Russell 2000 index
Amount:$1.5 million
Maturity:Dec. 30, 2027
Coupon:0%
Price:Par
Payout at maturity:If each asset finishes at or above initial level, the greater of par plus 85.45% and par plus the return of the laggard asset; if laggard asset declines by up to 10%, par; otherwise, 1% loss for each 1% decline of worst performer beyond 10%
Initial levels:$65.99 for ETF, 10,822.51 for Nasdaq, 3,829.25 for S&P, 1,749.516 for Russell
Buffer levels:90% of initial levels
Pricing date:Dec. 27
Settlement date:Dec. 30
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48133PYY3

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