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Published on 6/5/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $645,000 uncapped buffered return enhanced notes tied to index, ETF

New York, June 5 – JPMorgan Chase Financial Co. LLC priced $645,000 of 0% uncapped buffered return enhanced notes due June 4, 2026 linked to the S&P 500 index and the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing asset gains, the payout at maturity will be par plus 140% of the return of that asset.

The payout will be par if the worst performing asset declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines 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 return enhanced notes
Underlying assets:S&P 500 index and SPDR S&P MidCap 400 ETF Trust
Amount:$645,000
Maturity:June 4, 2026
Coupon:0%
Price:Par
Payout at maturity:If worst performing asset gains, par plus 140% of that asset’s return; par if worst performing asset declines by no more than 10%; otherwise, 1% loss for every 1% that worst performing asset declines beyond 10%
Initial levels:4,205.52 for S&P 500, $446.18 for SPDR S&P MidCap 400
Upside leverage:140%
Buffer:10%
Pricing date:May 30
Settlement date:June 2
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48133WRX8

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