Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $260,000 autocallable contingent interest notes on indexes
By Kiku Steinfeld
Chicago, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $260,000 of autocallable contingent interest notes due Dec. 26, 2023 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon equivalent to 7.65% over the term of the notes, payable monthly, if the worst performing index closes at or above its 70% trigger level on the related valuation date.
The securities will be called automatically starting June 20, 2023 on any monthly review date if each index closes at or above its initial level.
At maturity the payout will be par unless any index closes below its 70% trigger level, in which case investors will be exposed to the losses of the least performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $260,000
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| Maturity: | Dec. 26, 2023
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| Coupon: | 7.65% over the term of the notes, payable monthly, if the worst performing index closes at or above its 70% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its 70% trigger, in which case investors will be exposed to the losses of the least performing index
|
| Call: | Automatically starting June 20, 2023 on any monthly review date if each index closes at or above its initial level
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| Initial levels: | 12,562.61 for Nasdaq, 1,744.990 for Russell, 3,951.57 for S&P
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| Trigger levels: | 8,793.827 for Nasdaq, 1,221.493 for Russell, 2,766.099 for S&P, 70% of initial levels
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| Pricing date: | March 20, 2023
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| Settlement date: | March 23, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133VDQ0
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