Published on 3/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.52 million callable contingent interest notes on three indexes
New York, March 19 – JPMorgan Chase Financial Co. LLC priced $1.52 million of callable contingent interest notes due March 11, 2027 linked to the Nasdaq-100 index, 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 8.1%, paid quarterly, if the worst performing index closes at or above its 60% downside threshold on the related valuation date.
The securities may be called at par on any quarterly review date starting Sept. 12, 2024.
If the worst performing index finishes at or above its 60% downside threshold, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% that the worst performing index 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: | Callable 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: | $1,522,000
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| Maturity: | March 11, 2027
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| Coupon: | 8.1%, paid quarterly, if the worst performing index closes at or above its 60% downside threshold on the related valuation 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call option: | At par on any quarterly review date starting Sept. 12, 2024
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| Initial levels: | 18,297.99 for Nasdaq-100, 2,084.740 for Russell 2000, 5,157.36 for S&P 500
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| Downside thresholds: | 10,978.794 for Nasdaq-100, 1,250.844 for Russell 2000, 3,094.416 for S&P 500, 60% of initial level
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| Pricing date: | March 7
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| Settlement date: | March 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48134WQE0
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