Published on 11/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.19 million 7.25% contingent interest autocalls on indexes
New York, Nov. 30 – JPMorgan Chase Financial Co. LLC priced $1.19 million of autocallable contingent interest notes due June 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.
Investors will receive a coupon of 7.25%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting May 28, 2024 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing index closes 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1.19 million
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| Maturity: | June 1, 2026
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| Coupon: | 7.25%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes 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 starting May 28, 2024 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date
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| Initial levels: | 15,961.98 for Nasdaq-100, 1,801.154 for Russell 2000, 4,550.43 for S&P 500
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| Trigger levels: | 11,173.386 for Nasdaq-100, 1,260.8078 for Russell 2000, 3,185.301 for S&P 500, 70% of initial level
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.31828%
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| Cusip: | 48134RA81
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