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Published on 4/15/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $9.72 million capped enhanced participation equity notes on S&P

By Wendy Van Sickle

Columbus, Ohio, April 15 – JPMorgan Chase Financial Co. LLC priced $9.72 million of 0% capped enhanced participation equity notes due Feb. 13, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If the index return is greater than the initial level, the payout at maturity will be par plus 200% of the index return, subject to a maximum settlement amount of par plus 24.1%.

Investors will be fully exposed to any index decline.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped enhanced participation equity notes
Underlying index:S&P 500 index
Amount:$9.72 million
Maturity:Feb. 13, 2026
Coupon:0%
Price:Par
Payout at maturity:If index gains, par plus 200% of the gain, capped at par plus 24.1%; if the index is flat or declines, one-to-one exposure to decline
Initial level:5,202.39
Pricing date:April 9
Settlement date:April 15
Agent:J.P. Morgan Securities LLC
Fees:1.84%
Cusip:48134XEC5

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