Published on 10/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $810,000 8.2% autocallable contingent interest notes on indexes
By Kiku Steinfeld
Chicago, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $810,000 of autocallable contingent interest notes due Sept. 20, 2024 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 8.2% if the worst performing index closes at or above its 60% trigger level on the related valuation date.
The securities will be called automatically starting Sept. 18, 2023 on any quarterly review date if each index closes at or above its initial level.
At maturity the payout will be par unless the worst performing index closes below its 60% 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
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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: | $810,000
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Maturity: | Sept. 20, 2024
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Coupon: | 8.2% if the worst performing index closes at or above its trigger level on the related valuation date
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Price: | Par
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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
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Call: | Automatically starting Sept. 18, 2023 on any quarterly review date if each index closes at or above its initial level
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Initial levels: | 12,519.88 for Nasdaq, 1,725.891 for Russell, 3,916.64 for S&P
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Trigger levels: | 7,511.928 for Nasdaq, 1,035.5346 for Russell, 2,349.984 for S&P, 60% of initial levels
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Pricing date: | March 17, 2023
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Settlement date: | March 22, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.63241%
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Cusip: | 48133VBH2
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