Published on 3/5/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.04 million 10.05% autocallable yield notes linked to Russell, S&P
New York, March 5 – JPMorgan Chase Financial Co. LLC priced $1.04 million of autocallable yield notes due May 9, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.05%, paid quarterly.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date starting Aug. 6, 2024.
If the notes have not been called, the payout at maturity will be par unless either index closes below its 75% trigger level during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer 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: | Autocallable yield notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $1,043,000
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| Maturity: | May 9, 2025
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| Coupon: | 10.05%
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| Price: | Par
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| Payout at maturity: | Par unless either index closes below its 75% trigger level during the life of the notes and either index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from initial level
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date starting Aug. 6, 2024
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| Initial levels: | 1,953.628 for Russell 2000, 4,954.23 for S&P 500
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| Trigger levels: | 1,465.221 for Russell 2000, 3,715.6725 for S&P 500, 75% of initial levels
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134WBC0
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