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Published on 11/13/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.43 million callable contingent interest notes on three indexes

New York, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $2.43 million of callable contingent interest notes due May 8, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 13%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.

The securities may be called at par on any monthly review date starting May 8, 2024.

If the notes have not been called, the payout at maturity will be par unless any index closes below its 67% downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its 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:Callable contingent interest notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:$2,427,000
Maturity:May 8, 2025
Coupon:13%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:Par unless any index closes below its 67% downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level
Call option:At par on any monthly review date starting May 8, 2024
Initial levels:15,099.49 for Nasdaq-100, 1,760.705 for Russell 2000, 4,358.34 for S&P 500
Downside thresholds:10,116.6583 for Nasdaq-100, 1,179.67235 for Russell 2000, 2,920.0878 for S&P 500, 67% of initial levels
Coupon barriers:10,569.643 for Nasdaq-100, 1,232.4935 for Russell 2000, 3,050.838 for S&P 500, 70% of initial levels
Pricing date:Nov. 3
Settlement date:Nov. 8
Agent:J.P. Morgan Securities LLC
Fees:0.65392%
Cusip:48134B6T5

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