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Published on 10/18/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.5 million autocallable capped dual directional notes on S&P

Chicago, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% autocallable capped dual directional notes due April 10, 2025 linked to the performance of the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The notes will be called automatically at par if the index’s closing level is less than its initial level by more than 20% on any trading day during the life of the notes.

If the index finishes flat or positive, the payout at maturity will be par plus 1.5 times the index return up to par plus 8.5%.

If the index declines, investors will receive par plus the absolute value of the return, effectively capped at par plus 20%.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Autocallable capped dual directional notes
Underlying index:S&P 500 index
Amount:$1,500,000
Maturity:April 10, 2025
Coupon:0%
Price:Par
Payout at maturity:If index finishes at or above initial level, par plus 1.5 times index return, capped at par plus 8.5%; if index declines, par plus absolute value of index return, capped at par plus 20%
Call:Automatically at par if the index’s closing level is less than its initial level by more than 20% on any trading day during the life of the notes
Initial level:4,308.50
Knock-out level:80% of initial level
Strike date:Oct. 6
Pricing date:Oct. 11
Settlement date:Oct. 16
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48134BSP9

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