Published on 9/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.54 million 13% callable contingent interest notes on indexes
New York, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $1.54 million of callable contingent interest notes due March 5, 2025 linked to the Nasdaq-100 Technology Sector 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 13%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
If the worst performing index gains or ends above its 65% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold level.
The securities may be called starting March 5, 2024 at par and on any subsequent monthly review date.
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 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $1.54 million
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| Maturity: | March 5, 2025
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| Coupon: | 13%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly 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; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Call: | Starting March 5, 2024 at par and on any subsequent monthly review date
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| Initial levels: | 8,231.31 for Nasdaq-100 Technology Sector, 1,903.213 for Russell 2000, 4,514.87 for S&P 500
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| Downside thresholds: | 5,350.3515 for Nasdaq-100 Technology Sector, 1,237.08845 for Russell 2000, 2,934.6655 for S&P 500, 65% of initial level
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| Coupon barriers: | 5,761.917 for Nasdaq-100 Technology Sector, 1,332.2491 for Russell 2000, 3,160.409 for S&P 500, 70% of initial levels
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.71891%
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| Cusip: | 48134ABJ3
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