Published on 3/27/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.04 million capped accelerated barrier notes on three indexes
New York, March 27 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% capped accelerated barrier notes due March 23, 2029 linked to the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 200% of the return of that index, capped at par plus 86.1%.
The payout will be par if the worst performing index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Capped accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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| Amount: | $1.04 million
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| Maturity: | March 23, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus 200% of that index’s return, capped at par plus 86.1%; par if worst performing index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 39,512.13 for Dow Jones industrial average, 18,240.11 for Nasdaq-100, 5,224.62 for S&P 500
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| Upside leverage: | 200%
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| Cap: | 86.1%
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| Barriers: | 27,658.491 for Dow Jones industrial average, 12,768.077 for Nasdaq-100, 3,657.234 for S&P 500, 70% of initial levels
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| Pricing date: | March 20
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| Settlement date: | March 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48134WU62
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