Published on 2/5/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $215,000 7% callable contingent interest notes on indexes
Chicago, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $215,000 of callable contingent interest notes due Nov. 15, 2024 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.
Investors will receive a coupon of 7%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date.
The securities may be called starting Aug. 17, 2023 at par and on any subsequent quarterly review 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 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.
|
Issue: | Callable contingent interest notes
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
Amount: | $215,000
|
Maturity: | Nov. 15, 2024
|
Coupon: | 7% annual rate, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly 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 if it finishes below its downside threshold level
|
Call: | Starting Aug. 17, 2023 at par and on any subsequent quarterly review date
|
Initial levels: | 13,340.18 for Nasdaq, 1,740.849 for Russell, 4,124.08 for S&P
|
Downside thresholds: | 9,338.126 for Nasdaq, 1,218.5943 for Russell, 2,886.856 for S&P, 70% of initial levels
|
Pricing date: | May 12, 2023
|
Settlement date: | May 17, 2023
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 1.95058%
|
Cusip: | 48133WFK9
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.