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Published on 3/3/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.04 million 8.7% yield notes linked to Nasdaq, Russell, S&P

Chicago, March 4 – JPMorgan Chase Financial Co. LLC priced $1.04 million of yield notes due March 5, 2025 linked to the least performing of 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 8.7%, paid monthly.

If the worst performing index gains or ends above its 70% trigger the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing index if it finished below its trigger.

The notes are non-callable.

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:Yield notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:$1,044,000
Maturity:March 5, 2025
Coupon:8.7% annual rate, paid monthly
Price:Par
Payout at maturity:If worst performing index finishes at or above its 70% trigger, par; otherwise, 1% loss for every 1% that worst performing index declines
Call:Non-callable
Initial levels:17,478.91 for Nasdaq, 1,994.743 for Russell, 4,981.80 for S&P
Trigger levels:12,235.237 for Nasdaq, 1,396.3201 for Russell, 3,487.26 for S&P, 70% of initial levels
Strike date:Feb. 21
Pricing date:Feb. 22
Settlement date:Feb. 27
Agent:J.P. Morgan Securities LLC
Fees:0.2%
Cusip:48134WPN1

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