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Published on 4/24/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.75 million lookback trigger PLUS tied to S&P 500

By William Gullotti

Buffalo, N.Y., April 24 – JPMorgan Chase Financial Co. LLC priced $2.75 million of lookback entry trigger PLUS due May 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 21.3%.

Investors will receive par if the index return is negative but ends at or above the trigger and will lose 1% for every 1% decline from initial level if it ends below the trigger level.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Lookback entry trigger PLUS
Underlying index:S&P 500 index
Amount:$2,754,000
Maturity:May 5, 2025
Coupon:0%
Price:Par of $10
Payout at maturity:If index return is positive, par plus 150% of index return, capped at par plus 21.3%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline from initial level
Initial level:Lowest closing level of the underlying index on any trading day between April 14 and June 14, inclusive; will not exceed 4,137.64
Trigger level:80% of initial level
Pricing date:April 14
Settlement date:April 19
Agent:J.P. Morgan Securities LLC
Distributor:Morgan Stanley Wealth Management
Fees:2.5% including a structuring fee of 0.5%
Cusip:48133VUL2

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