New Issue: JPMorgan prices $1.17 million 20.5% callable yield notes on stocks, ETF

Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $1.17 million of 20.5% callable yield notes due July 31, 2025 linked to the least performing of the stocks of Apple Inc. and Wayfair Inc. and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes may be called on any monthly interest payment date starting Jan. 31, 2024 at par.

The payout at maturity will be par if the worst performing asset finishes at or above its 50% trigger. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below the trigger 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:	Callable yield notes
Underlying assets:	Apple Inc., Wayfair Inc. and SPDR S&P 500 ETF Trust
Amount:	$1,165,000
Maturity:	July 31, 2025
Coupon:	20.5% annual rate, paid monthly
Price:	Par
Payout at maturity:	Par if worst performing asset finishes at or above its trigger value; otherwise, 1% loss for every 1% that worst performing asset declines
Call:	Starting Jan. 31, 2024 at par on any monthly interest payment date
Initial levels:	$194.50 for Apple, $68.31 for Wayfair, $455.51 for fund
Trigger levels:	$97.25 for Apple, $34.155 for Wayfair, $227.755 for fund, 50% of initial levels
Pricing date:	July 26
Settlement date:	July 31
Agent:	J.P. Morgan Securities LLC
Fees:	0.75%
Cusip:	48133YC36

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