Published on 11/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $250,000 9.15% autocallable yield notes linked to indexes
Chicago, Nov. 27 – JPMorgan Chase Financial Co. LLC priced $250,000 of autocallable yield notes due Oct. 25, 2023 linked to the least performing of the Euro Stoxx 50 index, Nikkei 225 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.15%, paid quarterly.
The securities will be called automatically starting Jan. 20, 2023 at par and on any subsequent quarterly review date if all three indexes close above their initial levels.
If the worst performing index ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% that the worst performing index declines.
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 yield notes
|
| Underlying indexes: | Euro Stoxx 50 index, Nikkei 225 index and S&P 500 index
|
| Amount: | $250,000
|
| Maturity: | Oct. 25, 2023
|
| Coupon: | 9.15% annual rate, paid quarterly
|
| 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
|
| Call: | Automatically starting Jan. 20, 2023 at par and on any subsequent quarterly review date if each index closes above initial level
|
| Initial levels: | 3,492.85 for Stoxx, 27,006.96 for Nikkei 225, 3,665.78 for S&P
|
| Downside thresholds: | 2,095.71 for Stoxx, 16,204.176 for Nikkei 225, 2,199.468 for S&P, 60% of initial levels
|
| Pricing date: | Oct. 21, 2022
|
| Settlement date: | Oct. 26, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133NV62
|
|
|
© 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.
