New Issue: JPMorgan prices $3.32 million review notes linked to two ETFs

New York, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $3.32 million of 0% review notes due Oct. 1, 2026 linked to the Industrial Select Sector SPDR Fund and the iShares Russell 1000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called automatically at par plus a call premium of 7.8% per year if the worst performing ETF closes at or above its call level on any quarterly valuation date starting March 26, 2024. Call level starts equal to initial level for the first through third valuation dates, stepping down to 95% of initial level for the fourth through seventh dates and to 90% for the eighth through final dates.

If the worst performing ETF ends at or above its 75% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines from initial 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:	Review notes
Underlying ETFs:	Industrial Select Sector SPDR Fund and iShares Russell 1000 Value ETF
Amount:	$3,317,000
Maturity:	Oct. 1, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If worst performing ETF finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
Call:	Automatically at par plus a call premium of 7.8% per year if the worst performing ETF closes at or above its call level on any quarterly valuation date starting March 26, 2024; call level will be equal to initial level for the first three review dates, stepping down to 95% for the fourth through seventh and to 90% for the eighth through the final
Initial levels:	$100.74 for Industrial Select Sector SPDR Fund, $151.73 for iShares Russell 1000 Value ETF
Downside thresholds:	$75.555 for Industrial Select Sector SPDR Fund, $113.7975 for iShares Russell 1000 Value ETF, 75% of initial levels
Pricing date:	Sept. 26
Settlement date:	Sept. 29
Agent:	J.P. Morgan Securities LLC
Fees:	2%
Cusip:	48134AC29

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