Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $893,000 9.75% autocallable contingent interest notes tied to Nasdaq
Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $893,000 of autocallable contingent interest notes due Dec. 4, 2025 linked to the least performing of 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 9.75% if the worst performing index closes at or above its 70% trigger level on the related quarterly valuation date.
The securities will be called automatically at par starting Nov. 30, 2023 and on any subsequent quarterly review date if each index closes above its initial value.
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
|
| 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: | $893,000
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| Maturity: | Dec. 4, 2025
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| Coupon: | 9.75% annual rate, if the worst performing index closes at or above its 70% trigger level on the related valuation 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
|
| Call: | Automatically at par starting Nov. 30, 2023 and on any subsequent quarterly review date if each index closes above initial level
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| Initial levels: | 14,254.09 for Nasdaq, 1,749.65 for Russell, 4,179.83 for S&P
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| Trigger levels: | 9,977.863 for Nasdaq, 1,224.755 for Russell, 2,925.881 for S&P, 70% of initial levels
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.55011%
|
| Cusip: | 48133WSQ2
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