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Published on 5/11/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.17 million capped buffered return enhanced notes on S&P MidCap 400

New York, May 11 – JPMorgan Chase Financial Co. LLC priced $1.17 million of 0% capped buffered return enhanced notes due May 10, 2027 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout at maturity will be par plus 150% of the return of the index, capped at par plus 67.2%.

The payout will be par if the index declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

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:Capped buffered return enhanced notes
Underlying index:S&P MidCap 400 index
Amount:$1,169,000
Maturity:May 10, 2027
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 150% of index return, capped at par plus 67.2%; par if index declines by no more than 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:2,461.10
Upside leverage:150%
Cap:67.2%
Buffer:15%
Pricing date:May 5
Settlement date:May 10
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48133WLM8

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