Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.07 million 7.55% callable contingent interest notes on indexes
New York, April 17 – JPMorgan Chase Financial Co. LLC priced $3.07 million of callable contingent interest notes due April 12, 2029 linked to 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 7.55%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation 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 securities may be called starting April 14, 2026 at par and on any subsequent quarterly review date.
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: | $3,065,000
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| Maturity: | April 12, 2029
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| Coupon: | 7.55%, 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: | 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: | Starting April 14, 2026 at par and on any subsequent quarterly review date
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| Initial levels: | 18,169.90 for Nasdaq-100, 2,080.800 for Russell 2000, 5,209.91 for S&P 500
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| Downside thresholds: | 12,718.93 for Nasdaq-100, 1,456.56 for Russell 2000, 3,646.937 for S&P 500, 70% of initial level
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48134XKU8
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