Published on 10/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.27 million 10% callable contingent interest notes on Nasdaq, Russell, S&P
New York, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $3.27 million of callable contingent interest notes due Oct. 1, 2026 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 coupon of 10%, 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 Jan. 3, 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable contingent interest notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $3,267,000
|
| Maturity: | Oct. 1, 2026
|
| Coupon: | 10%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| 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
|
| Call: | Starting Jan. 3, 2024 at par and on any subsequent monthly review date
|
| Initial levels: | 14,702.77 for Nasdaq-100, 1,794.312 for Russell 2000, 4,299.70 for S&P 500
|
| Downside thresholds: | 9,556.8005 for Nasdaq-100, 1,166.3028 for Russell 2000, 2,794.805 for S&P 500, 65% of initial level
|
| Coupon barriers: | 10,291.939 for Nasdaq-100, 1,256.0184 for Russell 2000, 3,009.79 for S&P 500, 70% of initial levels
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.88878%
|
| Cusip: | 48134AE50
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
