Published on 10/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.93 million 8% autocallable contingent interest notes on indexes
New York, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $3.93 million of autocallable contingent interest notes due Oct. 9, 2025 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.
Investors will receive a coupon of 8%, paid monthly, if each underlying index closes at or above its 60% trigger level on the related monthly observation date.
If the worst performing index gains or ends above its 60% 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 will be called automatically if each index closes at or above its initial level on any monthly observation date after six months
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: | Autocallable contingent interest notes
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $3,925,000
|
| Maturity: | Oct. 9, 2025
|
| Coupon: | 8%, paid monthly, if each underlying index closes at or above its 60% trigger level 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: | Automatically if each index closes at or above initial level on any monthly observation date after six months
|
| Initial levels: | 33,407.58 for Dow Jones industrial average, 14,973.24 for Nasdaq-100, 1,745.558 for Russell 2000
|
| Downside thresholds: | 20,044.548 for Dow Jones industrial average, 8,983.944 for Nasdaq-100, 1,047.3348 for Russell 2000, 60% of initial level
|
| Pricing date: | Oct. 6
|
| Settlement date: | Oct. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48134A4S1
|
|
|
© 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.
