Published on 7/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $15.05 million contingent income autocallables linked to indexes
New York, July 13 – JPMorgan Chase Financial Co. LLC priced $15.05 million of contingent income autocallable securities due July 3, 2025 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 8.8%, payable quarterly, if all three indexes close above their 70% coupon barrier on the related observation date.
The securities will be called automatically starting Oct. 2 at par if each index closes at or above its initial level on any quarterly review date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold 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. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent income autocallable securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $15,051,000
|
| Maturity: | July 3, 2025
|
| Coupon: | 8.8%, payable quarterly if all three indexes close above 70% coupon barrier on observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing index
|
| Call: | Automatically starting Oct. 2 at par if each index closes at or above its initial level on any quarterly review date
|
| Initial levels: | 15,179.21 for Nasdaq-100 index, 1,888.734 for Russell 2000 index, 4,450.38 for S&P 500 index
|
| Downside thresholds/coupon barriers: | 10,625.447 for Nasdaq-100 index, 1,322.1138 for Russell 2000 index, 3,115.266 for S&P 500 index; 70% of initial levels
|
| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 2% including a structuring fee of 0.5%
|
| Cusip: | 48133XG67
|
|
|
|
|
|
|
© 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.
