Published on 9/25/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $13 million review notes linked to Dow, Nasdaq, Russell
New York, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $13 million of 0% review notes due Sept. 24, 2026 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index ends above its 70% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold level.
The notes will be called automatically starting Sept. 20, 2024 and on any subsequent quarterly review date at a premium of 12.25% per year if the worst performing index closes above 100% of its initial value on the successive determination dates.
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: | Review notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $13 million
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| Maturity: | Sept. 24, 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 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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| Initial levels: | 34,517.73 for Dow Jones industrial average, 15,191.23 for Nasdaq-100, 1,826.527 for Russell 2000
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| Downside thresholds: | 24,162.411 for Dow Jones industrial average, 10,633.861 for Nasdaq-100, 1,278.5689 for Russell 2000, 70% of initial level
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| Call: | Automatically starting Sept. 20, 2024 and on any subsequent quarterly review date at a premium of 12.25% per year if the worst performing index closes above 100% of its initial value on the successive determination dates
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.4%
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| Cusip: | 48134AJ89
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