Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.66 million 8.85% callable contingent interest notes on indexes
New York, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $2.66 million of callable contingent interest notes due Oct. 11, 2028 linked to the Dow Jones industrial average, 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 8.85%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
If the worst performing index gains or ends above its 70% barrier the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index declines from its initial level.
The securities may be called starting July 5 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable contingent interest notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $2,663,000
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| Maturity: | Oct. 11, 2028
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| Coupon: | 8.85%, paid monthly, if each underlying index closes at or above its 85% coupon barrier 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 from its initial level
|
| Call: | Starting July 5 and on any subsequent monthly review date
|
| Initial levels: | 37,466.11 for Dow-100, 1,951.142 for Russell 2000, 4,697.24 for S&P 500
|
| Coupon barriers: | 28,099.5825 for Dow-100, 1,463.3565 for Russell 2000, 3,522.93 for S&P 500, 75% of initial levels
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| Barrier levels: | 26,226.277 for Dow-100, 1,365.7994 for Russell 2000, 3,288.068 for S&P 500, 70% of initial level
|
| 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: | 0.99531%
|
| Cusip: | 48134THU1
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