Published on 10/31/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.03 million review notes linked to Dow, S&P
New York, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% review notes due Oct. 29, 2026 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a premium of 10.5% per year if the worst performing index closes at or above its initial value on any semiannual review date.
If the worst performing index ends at or above its 60% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Review notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $1,029,000
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| Maturity: | Oct. 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par plus a premium of 10.5% per year if the worst performing index closes at or above its initial value on any semiannual review date
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| Initial levels: | 33,035.93 for Dow Jones industrial average, 4,186.77 for S&P 500
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| Downside thresholds: | 19,821.558 for Dow Jones industrial average, 2,512.062 for S&P 500, 60% of initial levels
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48134BPB3
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