Published on 6/15/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.18 million callable contingent interest notes on three indexes
New York, June 15 – JPMorgan Chase Financial Co. LLC priced $1.18 million of callable contingent interest notes due June 13, 2024 linked to the Nasdaq-100 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 13%, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date.
The securities may be called at par on any monthly review date starting Sept. 13.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable contingent interest notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $1,182,000
|
| Maturity: | June 13, 2024
|
| Coupon: | 13%, paid monthly, if each underlying index closes at or above its 70% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless any index closes below its trigger level during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level
|
| Call option: | At par on any monthly review date starting Sept. 13
|
| Initial levels: | 14,484.54 for Nasdaq-100, 1,880.779 for Russell 2000, 4,293.93 for S&P 500
|
| Trigger levels: | 10,139.178 for Nasdaq-100, 1,316.5453 for Russell 2000, 3,005.751 for S&P 500, 70% of initial level
|
| Pricing date: | June 8
|
| Settlement date: | June 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133XMR4
|
|
|
|
|
© 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.
