Published on 6/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.18 million callable contingent interest notes on three indexes
New York, June 20 – JPMorgan Chase Financial Co. LLC priced $3.18 million of callable contingent interest notes due Dec. 19, 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 9%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly review date.
If the worst performing index finishes at or above its 70% downside threshold, the payout at maturity will be par plus the coupon.
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 index, Russell 2000 index and S&P 500 index
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| Amount: | $3,183,000
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| Maturity: | Dec. 19, 2024
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| Coupon: | 9%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation 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 quarterly review date
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| Initial levels: | 15,005.69 for Nasdaq-100, 1,874.098 for Russell 2000, 4,372.59 for S&P 500
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| Downside thresholds: | 10,503.983 for Nasdaq-100, 1,311.8686 for Russell 2000, 3,060.813 for S&P 500, 70% of initial level
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| Pricing date: | June 14
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| Settlement date: | June 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.01865%
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| Cusip: | 48133XJU1
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