Published on 3/16/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.4 million contingent interest notes linked to Nasdaq, Russell, S&P
Chicago, March 16 – JPMorgan Chase Financial Co. LLC priced $2.40 million of contingent interest notes due June 15 linked to the least performing of 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 at an annual rate of 11%, paid monthly, if each underlying index closes at or above its 85% trigger level on the related monthly observation date.
If the worst performing index gains or ends above its 85% trigger value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its trigger value.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent interest notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $2,402,000
|
| Maturity: | June 15
|
| Coupon: | 11% annual rate, paid monthly, if each underlying index closes at or above its 85% trigger level on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its 85% trigger value, par; 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
|
| Initial levels: | 11,830.28 for Nasdaq, 1,772.702 for Russell, 3,861.59 for S&P
|
| Trigger values: | 10,055.738 for Nasdaq, 1,506.7967 for Russell, 3,282.3515 for S&P, 85% of initial levels
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48133UYL0
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
