Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.79 million autocallable contingent interest notes on three indexes
New York, Aug. 21 – JPMorgan Chase Financial Co. LLC priced $1.79 million of autocallable contingent interest notes due Feb. 5, 2025 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 contingent coupon of 7.25%, paid quarterly, 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 quarterly review date.
At maturity, the payout will be par unless the worst performing index finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of that 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,794,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 7.25%, paid quarterly, 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 60% trigger level, in which case investors will be fully exposed to the decline of that index
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| Call: | Automatically at par if each index closes at or above its initial level on any quarterly review date
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| Initial levels: | 15,757.00 for Nasdaq-100, 2,003.177 for Russell 2000, 4,588.96 for S&P 500
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| Interest barriers: | 11,029.90 for Nasdaq-100, 1,402.2239 for Russell 2000, 3,212.272 for S&P 500, 70% of initial levels
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| Trigger levels: | 9,454.20 for Nasdaq-100, 1,201.9062 for Russell 2000, 2,753.376 for S&P 500, 60% of initial levels
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.41896%
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| Cusip: | 48133YJZ8
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