Published on 1/30/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $13.03 million 12% callable contingent interest notes on indexes
New York, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $13.03 million of callable contingent interest notes due Dec. 31, 2025 linked to the S&P 500 index, the Nasdaq-100 Technology Sector index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a monthly coupon of 12% if each index finishes at or above 75% of its initial level on the observation date.
If the worst performing index gains or ends above its 70% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold level.
The securities may be called starting April 30 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 Technology Sector index, S&P 500 index and Russell 2000 index
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| Amount: | $13,028,000
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| Maturity: | Dec. 31, 2025
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| Coupon: | 12%, payable monthly if each index closes above 75% of initial level on 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 if it finishes below its downside threshold level
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| Call: | Starting April 30 and on any subsequent monthly review date
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| Initial levels: | 4,894.16 for S&P, 10,092.35 for Nasdaq-100 Technology Sector, 1,975.878 for Russell 2000
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| Coupon barriers:: | 3,670.62 for S&P, 7,569.2625 for Nasdaq-100 Technology Sector, 1,481.9085 for Russell 2000, 75% of initial level
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| Downside thresholds: | 3,425.912 for S&P, 7,064.645 for Nasdaq-100 Technology Sector, 1,383.1146 for Russell 2000, 70% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.70557%
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| Cusip: | 48134TD76
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