Published on 3/12/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.29 million autocallable contingent interest notes on three indexes
New York, March 12 – JPMorgan Chase Financial Co. LLC priced $3.29 million of autocallable contingent interest notes due Aug. 31, 2026 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 7.5%, paid quarterly, if the worst performing index closes at or above its 80% interest barrier on the related valuation date.
The securities will be called automatically at par if each index closes at or above its initial level on any quarterly review date starting Aug. 26, 2024.
At maturity, the payout will be par unless the worst performing index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst 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: | $3,292,000
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Maturity: | Aug. 31, 2026
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Coupon: | 7.5%, paid quarterly, if the worst performing index closes at or above its 80% interest barrier on the related valuation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing index finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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Call: | Automatically at par if each index closes at or above its initial level on any quarterly review date starting Aug. 26, 2024
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Initial levels: | 17,933.33 for Nasdaq-100, 2,028.968 for Russell 2000, 5,069.53 for S&P 500
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Trigger levels: | 12,553.331 for Nasdaq-100, 1,420.2776 for Russell 2000, 3,548.671 for S&P 500, 70% of initial levels
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Interest barriers: | 14,346.664 for Nasdaq-100, 1,623.1744 for Russell 2000, 4,055.624 for S&P 500, 80% of initial levels
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Pricing date: | Feb. 26
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Settlement date: | Feb. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.27012%
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Cusip: | 48134WKW6
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