Published on 1/30/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.35 million review notes linked to Nasdaq, Russell, S&P
Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% review notes due Jan. 15, 2026 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and 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 12% per year if the worst performing index closes above 100% of its initial level on Jan. 21, 2025 or 85% of its initial value on Jan. 12, 2026.
If the notes are not called and the worst performing index ends above its 70% downside threshold, the payout at maturity will be par. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold 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: | $1,347,000
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| Maturity: | Jan. 15, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Called if indexes close above 85% of initial level; 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: | Automatically at a premium of 12% per year if the worst performing index closes above 100% of its initial level on Jan. 21, 2025 or 85% of its initial value on Jan. 12, 2026
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| Initial levels: | 16,793.04 for Nasdaq, 1,970.261 for Russell, 4,783.45 for S&P
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| Downside thresholds: | 11,755.128 for Nasdaq, 1,379.1827 for Russell, 3,348.415 for S&P, 70% of initial levels
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134TRM8
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