Published on 2/20/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.15 million autocallable accelerated barrier notes linked to indexes
New York, Feb. 20 – JPMorgan Chase Financial Co. LLC priced $2.15 million of 0% autocallable accelerated barrier notes due July 2, 2026 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.
The notes will be called automatically at par plus 14% per year if the worst performing index closes at or above its initial level on June 27, 2024 or June 27, 2025.
If the worst performing index gains, the payout at maturity will be par plus 150% of the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 70% barrier, and they will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
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 accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2,152,000
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| Maturity: | July 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 150% of worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Call: | Automatically at par plus 14% per year if worst performing index closes at or above initial level on June 27, 2024 or June 27, 2025
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| Initial levels: | 14,945.91 for Nasdaq-100, 1,849.930 for Russell 2000, 4,378.41 for S&P 500
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| Downside thresholds: | 10,462.137 for Nasdaq-100, 1,294.951 for Russell 2000, 3,064.887 for S&P 500, 70% of initial level
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| Upside leverage: | 150%
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| Pricing date: | June 27, 2023
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| Settlement date: | June 30, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.98199%
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| Cusip: | 48133XJZ0
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