Published on 1/31/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.94 million autocallable contingent interest notes on two stocks
Chicago, Jan. 31 – JPMorgan Chase Financial Co. LLC priced $5.94 million of autocallable contingent interest notes due Jan. 14, 2027 linked to the stocks of Amazon.com, Inc. and Visa Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if each underlying stock closes at or above its 53.3% coupon barrier on the related observation date. Previously unpaid coupons will also be paid.
The securities will be called automatically at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date.
At maturity the payout will be par unless any stock closes below its 53.3% trigger level, in which case investors will be exposed to the decline of the lesser performer.
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 stocks: | Amazon.com, Inc. (Ticker: AMZN) and Visa Inc. (Ticker: V)
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| Amount: | $5,940,000
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| Maturity: | Jan. 14, 2027
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| Coupon: | 9% annual rate, paid quarterly, if each underlying stock closes at or above its 53.3% coupon barrier on the related monthly observation date; previously unpaid coupons will also be paid
|
| Price: | Par
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| Payout at maturity: | Par unless any stock closes below its trigger level, in which case investors will be exposed to the decline of the lesser performer
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| Call: | Automatically at par if the price of each underlying stock is greater than or equal to its initial price on any quarterly review date
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| Initial levels: | $151.37 for Amazon, $263.33 for Visa
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| Coupon barrier levels: | $80.68021 for Amazon, $140.35489 for Visa, 53.3% of initial levels
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| Trigger levels: | $80.68021 for Amazon, $140.35489 for Visa, 53.3% of initial levels
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48134TAX2
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