Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.34 million callable contingent interest notes on three indexes
New York, April 19 – JPMorgan Chase Financial Co. LLC priced $2.34 million of callable contingent interest notes due March 12, 2026 linked to the Nasdaq-100 Technology Sector 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 10.55%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities may be called at par on any monthly review date starting July 12.
If the worst performing index finishes at or above its 70% 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 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $2,341,000
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| Maturity: | March 12, 2026
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| Coupon: | 10.55%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call option: | At par on any monthly review date starting July 12
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| Initial levels: | 10,400.32 for Nasdaq-100 Technology Sector, 2,080.800 for Russell 2000, 5,209.91 for S&P 500
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| Downside thresholds: | 7,280.224 for Nasdaq-100 Technology Sector, 1,456.56 for Russell 2000, 3,646.937 for S&P 500, 70% of initial levels
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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: | 0.71939%
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| Cusip: | 48134XVD4
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