Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.53 million 9.05% callable contingent interest notes on indexes
New York, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $3.53 million of callable contingent interest notes due Oct. 12, 2027 linked to the Dow Jones industrial average, 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 9.05%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
If the worst performing index gains or ends above its 55% 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 April 11, 2024 at par on any quarterly 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: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $3,528,000
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| Maturity: | Oct. 12, 2027
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| Coupon: | 9.05%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly 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 April 11, 2024 at par on any quarterly review date
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| Initial levels: | 33,407.58 for Dow Jones industrial average, 1,745.558 for Russell 2000, 4,308.50 for S&P 500
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| Downside thresholds: | 18,374.169 for Dow Jones industrial average, 960.0569 for Russell 2000, 2,369.675 for S&P 500, 55% of initial level
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| Coupon barriers: | 23,385.306 for Dow Jones industrial average, 1,221.8906 for Russell 2000, 3,015.95 for S&P 500, 70% of initial levels
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134BCP6
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