Published on 9/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $797,000 7.5% autocallable contingent interest notes linked to Russell, S&P
By Kiku Steinfeld
Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $797,000 of autocallable contingent interest notes due Sept. 3, 2024 linked to the 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 7.5%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date.
The securities will be called automatically starting Aug. 28, 2023 at par if the level of each underlying index is greater than or equal to its initial level on a quarterly review date.
At maturity the payout will be par unless the worst performing index closes below its 70% 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.
|
Issue: | Autocallable contingent interest notes
|
Underlying indexes: | Russell 2000 index and S&P 500 index
|
Amount: | $797,000
|
Maturity: | Sept. 3, 2024
|
Coupon: | 7.5%, paid quarterly, if each underlying index closes at or above its 70% trigger level on the related quarterly observation date
|
Price: | Par
|
Payout at maturity: | Par unless the worst performing index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
|
Call: | Automatically starting Aug. 28, 2023 at par if the level of each underlying index is greater than or equal to its initial level on a quarterly review date
|
Initial levels: | 1,896.991 for Russell, 3,970.15 for S&P
|
Pricing date: | Feb. 28, 2023
|
Settlement date: | March 3, 2023
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.35%
|
Cusip: | 48133T6T7
|
|
© 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.