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Published on 11/17/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $3.46 million uncapped accelerated barrier notes linked to Dow, S&P

New York, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $3.46 million of 0% uncapped accelerated barrier notes due Oct. 31, 2028 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains, the payout at maturity will be par plus 140% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier level. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its barrier level.

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 accelerated barrier notes
Underlying indexes:Dow Jones industrial average and S&P 500 index
Amount:$3.46 million
Maturity:Oct. 31, 2028
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains, par plus 140% of worst performing index return; par if worst performing index declines but finishes above its barrier level; 1% loss for every 1% that worst performing index declines if it finishes below its barrier level
Initial levels:32,784.30 for Dow Jones industrial average, 4,137.23 for S&P 500
Barrier levels:22,949.01 for Dow Jones industrial average, 2,896.061 for S&P 500, 70% of initial level
Upside leverage:140%
Cap:None
Pricing date:Oct. 26
Settlement date:Oct. 31
Agent:J.P. Morgan Securities LLC
Fees:3.5%
Cusip:48134BA94

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