Published on 8/16/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.31 million autocallable contingent interest notes on three indexes
New York, Aug. 16 – JPMorgan Chase Financial Co. LLC priced $3.31 million of autocallable contingent interest notes due Feb. 5, 2025 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 9.5%, paid quarterly, if the worst performing index closes at or above its 70% 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 Jan. 31, 2024.
At maturity, the payout will be par if the worst performing index finishes at or above its trigger level. Otherwise, investors will lose 1% for every 1% decline of the worst performing index from its 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: | Autocallable 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: | $3,307,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 9.5%, paid quarterly, if the worst performing index closes at or above its 70% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par if the worst performing index finishes at or above its trigger level; otherwise, lose 1% for every 1% decline of the worst performing index from its initial level
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| Call: | Automatically at par if each index closes at or above its initial level on any quarterly review date starting Jan. 31, 2024
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| Initial levels: | 15,757.00 for Nasdaq-100, 2,003.177 for Russell 2000, 4,588.96 for S&P 500
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| Trigger levels: | 11,029.90 for Nasdaq-100, 1,402.2239 for Russell 2000, 3,212.272 for S&P 500, 70% of initial levels
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35%
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| Cusip: | 48133X2M7
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