E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/26/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $500,000 autocallable accelerated barrier notes on S&P 500

New York, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable accelerated barrier notes due Sept. 23, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains the payout will be par plus 205% of the index return. Investors will receive par if the index declines but ends at or above its 70% barrier and they will lose 1% for every 1% that the index declines if it finishes below the barrier level.

The notes will be called automatically on Sept. 27, 2024 at a premium of 10% if the index closes above 100% of its initial 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:Autocallable accelerated barrier notes
Underlying index:S&P 500 index
Amount:$500,000
Maturity:Sept. 23, 2026
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above its initial value, par plus 205% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Initial level:4,453.53 on strike date of Sept. 18
Upside leverage:205%
Downside threshold:3,117.471, 70% of initial level
Call:Automatically on Sept. 27, 2024 at a premium of 10% if the index closes above 100% of its initial value
Pricing date:Sept. 20
Settlement date:Sept. 25
Agent:J.P. Morgan Securities LLC
Fees:0.85%
Cusip:48134A2R5

© 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.