QUANTUMONLINE.COM SECURITY DESCRIPTION:  JP Morgan Chase & Co., 5.00% Depositary Shares, each representing a 1/10th interest in a share of Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series FF, liquidation preference $1,000 per depositary share, redeemable at the issuer's option on or after 8/1/2024 at $1,000 per depositary share plus declared and unpaid dividends, and with no stated maturity. Fixed non-cumulative distributions of 5.00% per annum ($50.00 per annum or $25.00 per semi-annually) will be paid semi-annually on 2/1 & 8/1 through 8/1/2024, to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). From 2/1/2024 the non-cumulative distributions will be paid at a floating rate equal to Three-Month SOFR plus 3.38% per annum, payable quarterly, on 2/1, 5/1, 8/1 & 11/1. The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. This security is possibly subject to an early call as a result of the occurrence of a regulatory capital treatment event which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet (see the prospectus for further information). This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
	FixFloat $50.00	$1,000.00 $1,000.00	8/01/2024 None	Baa2 BBB- 4/21/2024	2/1 & 8/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) announced today its replacement rate for certain outstanding floating rate and fixed-to-floating rate debt securities and certificates of deposit issued by JPMorgan Chase, JPMorgan Chase Financial Company LLC and JPMorgan Chase Bank, N.A. (the “Issuers”) that are linked to U.S. dollar LIBOR ICE Swap Rates (“USD LIBOR ISR”) of one or more tenors. In March 2021, the Alternative Reference Rates Committee (“ARRC”) suggested a fallback formula (the “ARRC fallback formula”) for USD LIBOR ISR that consists of using the U.S. dollar SOFR ICE Swap Rate (“USD SOFR ISR”), adding the tenor spread adjustment for 3-month U.S. dollar LIBOR of 0.26161% per annum and applying technical adjustments to account for differences in payment frequency and day count conventions between USD LIBOR and SOFR swaps. On June 8, 2022, the ARRC recommended that calculation agents consider the ARRC fallback formula in determining successor rates for USD LIBOR ISR where a legacy position cannot be proactively converted and its fallback provisions cannot be amended. In the case of any of the above securities or instruments that permit the calculation agent to select a successor rate following the discontinuation of USD LIBOR ISR, the calculation agent has determined that, for the purposes of calculating any payment on any such securities or instruments that is to be determined using one or more USD LIBOR ISR after June 30, 2023, any such USD LIBOR ISR will be replaced by the USD SOFR ISR for the same tenor as such USD LIBOR ISR, subject to the adjustments, including the 0.26161% per annum tenor spread adjustment, in accordance with the ARRC fallback formula. The 5.00% Series FF Depositary shares were issued on 07/31/2019. They have been assigned the temporary ticker symbol TEMP14 by QuantumOnline until the unlikely event that they start trading on the NYSE or on the Other OTC market and their ticker symbol is known.

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Email Address

JPMCinvestorrelations@jpmchase.com

Address and Phone Numbers

Address:   270 Park Avenue, New York, NY 10017
Main Phone Number	212-270-6000
Fax Number	212-752-4823
Investor Relations   Jason Scott	212-270-2479
Toll Free Phone Number	866-576-3228

CEO - James Dimon

CFO - Elena Korablina