Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.03 million autocallable accelerated barrier notes on indexes
New York, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $4.03 million of 0% autocallable accelerated barrier notes due Oct. 1, 2026 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 150% of the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and they will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
The notes will be called automatically on Sept. 30, 2024 at a premium of 13.5% if the worst performing index closes above 100% of its initial value.
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 accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $4,027,000
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| Maturity: | Oct. 1, 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 initial value, par plus 150% of worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Initial level: | 14,545.83 for Nasdaq-100, 1,761.609 for Russell 2000, 4,273.53 for S&P 500
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| Upside leverage: | 150%
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| Downside threshold: | 10,182.081 for Nasdaq-100, 1,233.1263 for Russell 2000, 2,991.471 for S&P 500, 70% of initial level
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| Call: | Automatically on Sept. 30, 2024 at a premium of 13.5% if the worst performing index closes above 100% of its initial value
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48134ART4
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