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Published on 6/28/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.11 million autocallable capped notes linked to Dow, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., June 28 – JPMorgan Chase Financial Co. LLC priced $1.11 million of 0% autocallable capped notes due June 26, 2025 linked to the performance of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be called at par plus 6.5% if each index closes at or above its initial level on July 1, 2024.

If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the least-performing index, subject to a maximum return of par plus 15%.

Otherwise, investors will receive par.

The agent is J.P. Morgan Securities LLC.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Autocallable capped notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
Amount:$1,105,000
Maturity:June 26, 2025
Coupon:0%
Price:Par
Payout at maturity:If each index finishes at or above its initial level, par plus the return of the least-performing index, capped at par plus 15%; otherwise, par
Call:At par plus 6.5% if each index closes at or above initial level on July 1, 2024
Initial levels:33,485.29 for Dow, 1,754.464 for Russell, 13,062.6 for Nasdaq
Pricing date:June 22
Settlement date:June 27
Agent:J.P. Morgan Securities LLC
Fees:1.95%
Cusip:48133XXX9

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