Published on 9/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.95 million autocallable accelerated barrier notes on three indexes
New York, Sept. 14 – JPMorgan Chase Financial Co. LLC priced $4.95 million of 0% autocallable accelerated barrier notes due Sept. 3, 2026 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.
The notes will be called automatically at a premium of 15% if the worst performing index closes at or above its initial value on Sept. 4, 2024.
If the worst performing index gains, the payout at maturity will be par plus 200% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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: | Autocallable accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $4,954,000
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| Maturity: | Sept. 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 200% of that index return; if worst performing index declines but 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: | Automatically at a premium of 15% if the worst performing index closes at or above its initial value on Sept. 4, 2024
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| Initial levels: | 15,501.07 for Nasdaq-100, 1,899.676 for Russell 2000, 4,507.66 for S&P 500
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| Upside leverage: | 200%
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| Downside thresholds: | 10,850.749 for Nasdaq-100, 1,329.7732 for Russell 2000, 3,155.362 for S&P 500, 70% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.55062%
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| Cusip: | 48133YXM1
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