Published on 2/22/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.22 million autocallable accelerated barrier notes on Nasdaq-100 Technology
New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $6.22 million of 0% autocallable accelerated barrier notes due Feb. 20, 2026 linked to the Nasdaq-100 Technology Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout will be par plus 125% of the index return. Investors will receive par if the index declines but ends at or above its 65% barrier and they will lose 1% for every 1% that the index declines if it finishes below the barrier level.
The notes will be called automatically on Feb. 24, 2025 at a premium of 13% if the 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable accelerated barrier notes
|
Underlying index: | Nasdaq-100 Technology Sector index
|
Amount: | $6,218,000
|
Maturity: | Feb. 20, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above its initial value, par plus 125% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
Initial level: | 10,342.72
|
Upside leverage: | 125%
|
Downside threshold: | 6,722.768, 65% of initial level
|
Call: | Automatically on Feb. 24, 2025 at a premium of 13% if the index closes above 100% of its initial value
|
Pricing date: | Feb. 15
|
Settlement date: | Feb. 21
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.75%
|
Cusip: | 48134WDG9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.