Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.5 million 10.1% callable contingent interest notes on indexes
New York, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $2.5 million of callable contingent interest notes due Jan. 9, 2025 linked to the Nasdaq-100 index, 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 10.1%, paid monthly, if each underlying index closes at or above its 85% coupon barrier on the related monthly observation date.
If the worst performing index gains or ends above its 90% buffer the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index declines beyond 10%.
The securities may be called starting April 10 and on any subsequent monthly 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2.5 million
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| Maturity: | Jan. 9, 2025
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| Coupon: | 10.1%, paid monthly, if each underlying index closes at or above its 85% coupon barrier on the related monthly 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 beyond 10%
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| Call: | Starting April 10 and on any subsequent monthly review date
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| Initial levels: | 16,305.98 for Nasdaq-100, 1,951.142 for Russell 2000, 4,697.24 for S&P 500
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| Buffer levels: | 14,675.382 for Nasdaq-100, 1,756.0278 for Russell 2000, 4,227.516 for S&P 500, 90% of initial level
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| Coupon barriers: | 13,860.083 for Nasdaq-100, 1,658.4707 for Russell 2000, 3,992.654 for S&P 500, 85% of initial levels
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134TAN4
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