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Published on 4/2/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $600,000 0% capped dual directional buffered equity notes linked to QQQ

By Kiku Steinfeld

Chicago, April 2 – JPMorgan Chase Financial Co. LLC priced $600,000 of 0% capped dual directional buffered equity notes due Dec. 29, 2023 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF gains the payout will be par plus the ETF return capped at par plus 3%.

The payout will be par plus 100% of the absolute value of the ETF return if the ETF declines but by no more than the 13% buffer.

Investors will lose 1% for every 1% that the ETF declines beyond the buffer.

The securities are non-callable.

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 dual directional buffered equity notes
Underlying ETF:Invesco QQQ Trust, Series 1
Amount:$600,000
Maturity:Dec. 29, 2023
Coupon:0%
Price:Par
Payout at maturity:If ETF gains par plus ETF return capped at par plus 3%; par plus 100% of absolute value of ETF return if ETF declines but by no more than 13% buffer; 1% loss for every 1% that ETF declines beyond the buffer
Call:Non-callable
Initial level:$370.29
Buffer:13%
Cap:3%
Buffer:13%
Pricing date:July 6, 2023
Settlement date:July 11, 2023
Agent:J.P. Morgan Securities LLC
Fees:0.2%
Cusip:48133XZ82

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