Published on 4/19/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.77 million autocallable contingent interest notes on three indexes
New York, April 19 – JPMorgan Chase Financial Co. LLC priced $1.77 million of autocallable contingent interest notes due Oct. 3, 2024 linked to the Euro Stoxx 50 index, the FTSE 100 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 each underlying index closes at or above its 70% trigger level on the related quarterly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if each index closes at or above its initial level on any quarterly review date.
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: | Euro Stoxx 50 index, FTSE 100 index and S&P 500 index
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| Amount: | $1.77 million
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| Maturity: | Oct. 3, 2024
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| Coupon: | 7.5%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date, plus any previously unpaid coupons
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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
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| Initial levels: | 4,285.42 for Euro Stoxx 50, 7,620.43 for FTSE 100, 4,050.83 for S&P 500
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| Trigger levels: | 2,999.794 for Euro Stoxx 50, 5,334.301 for FTSE 100, 2,835.581 for S&P 500, 70% of initial level
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| Strike date: | March 30
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| Pricing date: | March 31
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| Settlement date: | April 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133VRK8
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