Published on 1/25/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.77 million autocallable accelerated barrier notes on Russell indexes
Chicago, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $4.77 million of 0% autocallable accelerated barrier notes due Jan. 22, 2027 linked to the lesser performing of the Russell 1000 Value index and Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Jan. 22, 2025 at a premium of 17.5% if the worst performing index closes above its initial value.
If the worst performing index gains the payout 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 80% 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: | Russell 1000 Value index and Russell 2000 Value index
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| Amount: | $4,774,000
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| Maturity: | Jan. 22, 2027
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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 on Jan. 22, 2025 at a premium of 17.5% if the worst performing index closes above its initial value
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| Initial level: | 1,614.257 for Russell 1000 Value, 2,228.62 for Russell 2000 Value
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| Upside leverage: | 150%
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| Downside threshold: | 1,291.4056 for Russell 1000 Value, 1,782.896 for Russell 2000 Value, 80% of initial levels
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134TQD9
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