Published on 2/12/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $220,000 6.5% autocallable contingent interest notes on indexes
Chicago, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $220,000 of autocallable contingent interest notes due Nov. 29, 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 6.5%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting Aug. 25, 2023 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing index closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing index.
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: | Autocallable contingent interest notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $220,000
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| Maturity: | Nov. 29, 2024
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| Coupon: | 6.5% annual rate, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically starting Aug. 25, 2023 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date
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| Initial levels: | 13,938.53 for Nasdaq, 1,754.605 for Russell, 4,151.28 for S&P
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| Trigger levels: | 9,756.971 for Nasdaq, 1,228.2235 for Russell, 2,905.896 for S&P, 70% of initial levels
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| Pricing date: | May 25, 2023
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| Settlement date: | May 31, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.76136%
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| Cusip: | 48133WSS8
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