Published on 12/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.6 million contingent income autocallables on three indexes
New York, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $3.6 million of contingent income autocallable securities due Dec. 4, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.55%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date.
At maturity, the payout will be par unless the worst performing index finishes below its 75% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $3.6 million
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| Maturity: | Dec. 4, 2025
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| Coupon: | 8.55%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date
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| Initial levels: | 15.997.58 for Nasdaq-100 Index, 1,862.641 for Russell 2000 Index, 4,594.63 for S&P 500 Index
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| Downside thresholds: | 11,998.185 for Nasdaq-100 Index, 1,396.98075 for Russell 2000 Index, 3,445.9725 for S&P 500 Index, 75% of initial levels
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley
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| Fees: | 2% including a structuring fee of 0.5%
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| Cusip: | 48134RSH2
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