Published on 6/8/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.8 million autocallable contingent interest notes on Nasdaq, S&P
New York, June 8 – JPMorgan Chase Financial Co. LLC priced $1.80 million of autocallable contingent interest notes due May 31, 2028 linked to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.45%, paid quarterly, if the worst performing index closes at or above its 75% trigger level on the related valuation date.
The securities will be called automatically at par if each index closes at or above its initial level on any quarterly review date starting May 28, 2024.
At maturity, the payout will be par unless the worst performing index finishes below its 75% trigger level, in which case investors will be fully exposed to the decline of the worst performing index.
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.
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| Issue: | Autocallable contingent interest notes
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| Underlying indexes: | S&P 500 index and Nasdaq-100 index
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| Amount: | $1,802,000
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| Maturity: | May 31, 2028
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| Coupon: | 7.45%, paid quarterly, if the worst performing index closes at or above its 75% trigger level on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing index finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
|
| Call: | Automatically at par if each index closes at or above its initial level on any quarterly review date starting May 28, 2024
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| Initial levels: | 13,938.53 for Nasdaq-100, 4,151.28 for S&P 500
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| Trigger levels: | 10,453.8975 for Nasdaq-100, 3,113.46 for S&P 500, 75% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133WA24
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