Published on 3/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $300,000 8.35% callable contingent interest notes on Russell, S&P
Chicago, March 19 – JPMorgan Chase Financial Co. LLC priced $300,000 of callable contingent interest notes due Dec. 4, 2025 linked to the lesser performing of the 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 8.35% paid monthly if the worst performing index closes at or above its 70% trigger level on the related valuation date.
The securities may be called at par starting June 6 and on any subsequent monthly 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable contingent interest notes
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| Underlying indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $300,000
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| Maturity: | Dec. 4, 2025
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| Coupon: | 8.35% annual rate, paid monthly if the worst performing index closes at or above its 70% trigger level 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; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Call: | At par starting June 6 and on any subsequent monthly review date
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| Initial levels: | 2,076.395 for Russell, 5,137.08 for S&P
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| Downside thresholds: | 1,453.4765 for Russell, 3,595.956 for S&P, 70% of initial levels
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| Pricing date: | March 1
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| Settlement date: | March 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134WRR0
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