Published on 4/24/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.73 million callable contingent interest notes on three indexes
New York, April 24 – JPMorgan Chase Financial Co. LLC priced $2.73 million of callable contingent interest notes due April 15, 2027 linked to the Nasdaq-100 Technology Sector 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 9.5%, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly determination date starting July 15.
If the worst performing index finishes 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 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: | Callable contingent interest notes
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| Underlying indexes: | Nasdaq-100 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $2.73 million
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| Maturity: | April 15, 2027
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| Coupon: | 9.5%, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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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 option: | At par on any monthly determination date starting July 15
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| Initial levels: | 10,243.23 for Nasdaq-100 Technology Sector, 2,028.389 for Russell 2000, 5,160.64 for S&P 500
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| Downside thresholds: | 6,145.938 for Nasdaq-100 Technology Sector, 1,217.0334 for Russell 2000, 3,096.384 for S&P 500, 60% of initial levels
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| Coupon barriers: | 7,170.261 for Nasdaq-100 Technology Sector, 1,419.8723 for Russell 2000, 3,612.448 for S&P 500, 70% of initial levels
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| Pricing date: | April 10
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| Settlement date: | April 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.94634%
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| Cusip: | 48134XWY7
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