Published on 1/29/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.14 million review notes linked to Nasdaq, Russell, S&P
New York, Jan. 29 – JPMorgan Chase Financial Co. LLC priced $2.14 million of 0% review notes due Jan. 24, 2028 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.
The notes will be called automatically at a premium of 11% per year if the worst performing index closes at or above its initial value on any annual review date.
If the worst performing index ends at or above its 75% downside threshold, the payout at maturity will be par plus 44%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
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: | Review notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2,144,000
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| Maturity: | Jan. 24, 2028
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| Coupon: | 0%
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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 plus 44%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at a premium of 11% per year if the worst performing index closes at or above its initial value on any annual review date
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| Initial levels: | 17,314.00 for Nasdaq-100, 1,944.391 for Russell 2000, 4,839.81 for S&P 500
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| Downside thresholds: | 12,985.50 for Nasdaq-100, 1,458.29325 for Russell 2000, 3,629.8575 for S&P 500, 75% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134TKE3
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