Published on 12/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.11 million autocallable contingent interest notes on indexes, ETF
New York, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $1.11 million of autocallable contingent interest notes due Dec. 24, 2026 linked to the Nasdaq-100 Technology Sector index, the Russell 2000 index and the Utilities Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.15%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 20, 2024.
At maturity, the payout will be par unless the worst performing asset finishes below its 65% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Nasdaq-100 Technology Sector index, Russell 2000 index and Utilities Select Sector SPDR Fund
|
| Amount: | $1,105,000
|
| Maturity: | Dec. 24, 2026
|
| Coupon: | 9.15%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
|
| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 20, 2024
|
| Initial levels: | 9,344.42 for Nasdaq-100 Technology Sector, 1,982.836 for Russell 2000, $62.30 for Utilities Select Sector SPDR Fund
|
| Trigger levels: | 6,073.873 for Nasdaq-100 Technology Sector, 1,288.8434 for Russell 2000, $40.495 for Utilities Select Sector SPDR Fund, 65% of initial levels
|
| Coupon barriers: | 6,541.094 for Nasdaq-100 Technology Sector, 1,387.9852 for Russell 2000, $43.61 for Utilities Select Sector SPDR Fund, 70% of initial levels
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.7%
|
| Cusip: | 48134TCE2
|
|
|
|
|
© 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.
