Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.85 million callable contingent interest notes on three indexes
New York, June 27 – JPMorgan Chase Financial Co. LLC priced $2.85 million of callable contingent interest notes due March 25, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities may be called at par on any monthly review date starting Dec. 26, 2023.
Investors will receive a coupon of 10%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
If the worst performing index finishes at or above its 65% downside threshold, the payout at maturity will be par.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Callable contingent interest notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $2,849,000
|
| Maturity: | March 25, 2025
|
| Coupon: | 10%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| 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
|
| Call option: | at par on any monthly review date starting Dec. 26, 2023
|
| Initial levels: | 15,070.15 for Nasdaq-100, 1,866.699 for Russell 2000, 4,388.71 for S&P 500
|
| Downside thresholds: | 9,795.5975 for Nasdaq-100, 1,213.35435 for Russell 2000, 2,852.6615 for S&P 500, 65% of initial levels
|
| Coupon barriers: | 10,549.105 for Nasdaq-100, 1,306.6893 for Russell 2000, 3,072.097 for S&P 500, 70% of initial levels
|
| Pricing date: | June 20
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.64129%
|
| Cusip: | 48133XPG5
|
|
|
|
|
© 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.
