Published on 3/27/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.75 million contingent interest notes on MSCI index, iShares ETF
New York, March 27 – JPMorgan Chase Financial Co. LLC priced $1.75 million of contingent interest notes due March 19, 2026 linked to the MSCI EAFE index and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.85%, paid monthly, if each underlier closes at or above its 65% trigger level on the related monthly observation date.
If the worst performing asset finishes at or above its 65% trigger value, the payout at maturity will be par plus the contingent coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing asset 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: | Contingent interest notes
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| Underlying assets: | MSCI EAFE index and iShares Russell 2000 ETF
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| Amount: | $1,751,000
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| Maturity: | March 19, 2026
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| Coupon: | 7.85%, paid monthly, if each underlier closes at or above its 65% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its 65% trigger value, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Initial levels: | 2,325.12 for MSCI EAFE, $202.41 for iShares Russell 2000 ETF
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| Trigger values: | 1,511.328 for MSCI EAFE, $131.5665 for iShares Russell 2000 ETF, 65% of initial levels
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| Strike date: | March 15
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| Pricing date: | March 18
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| Settlement date: | March 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48134WX51
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