Published on 3/8/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.4 million callable contingent interest notes on three indexes
New York, March 8 – JPMorgan Chase Financial Co. LLC priced $1.4 million of callable contingent interest notes due Jan. 28, 2026 linked to the Nasdaq-100 Technology Sector index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities may be called at par on any monthly review date starting Aug. 28, 2024.
If the worst performing index finishes at or above its 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 from initial 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: | Callable contingent interest notes
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| Underlying indexes: | Nasdaq-100 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $1,404,000
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| Maturity: | Jan. 28, 2026
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| Coupon: | 10.25%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its downside threshold, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Call option: | At par on any monthly review date starting Aug. 28, 2024
|
| Initial levels: | 10,265.71 for Nasdaq-100 Technology Sector, 2,016.688 for Russell 2000, 5,088.80 for S&P 500
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| Downside thresholds: | 7,185.997 for Nasdaq-100 Technology Sector, 1,411.6816 for Russell 2000, 3,562.16 for S&P 500, 70% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.63392%
|
| Cusip: | 48134WKJ5
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