Published on 12/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.23 million autocallable contingent interest notes on three indexes
New York, Dec. 20 – JPMorgan Chase Financial Co. LLC priced $1.23 million of autocallable contingent interest notes due June 18, 2026 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%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly 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 starting June 17, 2024.
At maturity, the payout will be par unless the worst performing index finishes below its 70% trigger 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.
| 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: | $1,227,000
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| Maturity: | June 18, 2026
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| Coupon: | 8%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes below its trigger 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 starting June 17, 2024
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| Initial levels: | 16,623.45 for Nasdaq-100, 1,985.127 for Russell 2000, 4,719.19 for S&P 500
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| Trigger levels: | 11,636.415 for Nasdaq-100, 1,389.5889 for Russell 2000, 3,303.433 for S&P 500, 70% of initial levels
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.52262%
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| Cusip: | 48134RWX2
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