Published on 10/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.44 million 7.15% autocallable contingent interest notes on indexes
New York, Oct. 6 – JPMorgan Chase Financial Co. LLC priced $1.44 million of autocallable contingent interest notes due Jan. 8, 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 monthly coupon of 7.15% if the worst performing index closes at or above its 75% interest barrier on the related valuation date.
The securities will be called automatically starting April 3, 2024 on any monthly review date if each index closes at or above its initial level.
At maturity the payout will be par unless any index finishes below 65% trigger, in which case investors will have full exposure to the decline of the laggard 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: | $1,435,000
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| Maturity: | Jan. 8, 2025
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| Coupon: | 7.15% if the worst performing index closes at or above its 75% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par unless any index finishes below 65% trigger, in which case full exposure to decline of laggard index
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| Call: | Automatically starting April 3, 2024 and on any subsequent monthly review date if each index closes at or above initial level
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| Initial levels: | 14,565.62 for Nasdaq-100, 1,727.153 for Russell 2000, 4,229.45 for S&P 500
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| Interest barriers: | 10,924.215 for Nasdaq-100, 1,295.36475 for Russell 2000, 3,172.0875 for S&P 500; 75% of initial levels
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| Trigger levels: | 9,467.653 for Nasdaq-100, 1,122.64945 for Russell 2000, 2,749.1425 for S&P 500; 65% of initial levels
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134A2Y0
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