Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.11 million autocallable contingent interest notes on three indexes
New York, May 17 – JPMorgan Chase Financial Co. LLC priced $1.11 million of autocallable contingent interest notes due Aug. 15, 2024 linked to the Russell 2000 index, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.25%, paid monthly, if the worst performing index closes at or above its 70% interest barrier on the related valuation date.
The securities will be called automatically at par if each index closes at or above its initial level on any monthly observation date starting Aug. 14.
At maturity, the payout will be par unless the worst performing index finishes below its 65% 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: | Russell 2000 index, Nasdaq-100 index and S&P 500 index
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Amount: | $1.11 million
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Maturity: | Aug. 15, 2024
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Coupon: | 9.25%, paid monthly, if the worst performing index closes at or above its 70% interest barrier on the related valuation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing index finishes 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 at par if each index closes at or above its initial level on any monthly observation date starting Aug. 14
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Initial levels: | 13,340.18 for Nasdaq-100, 1,740.849 for Russell 2000, 4,124.08 for S&P 500
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Interest barriers: | 9,338.126 for Nasdaq-100, 1,218.5943 for Russell 2000, 2,886.856 for S&P 500, 70% of initial levels
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Trigger levels: | 8,671.117 for Nasdaq-100, 1,131.55185 for Russell 2000, 2,680.652 for S&P 500, 65% of initial levels
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Pricing date: | May 12
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Settlement date: | May 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48133WC55
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