Published on 12/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.19 million autocallable contingent interest notes on MerQube index
New York, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $2.19 million of autocallable contingent interest notes due Dec. 12, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.6%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the index closes at or above 90% of initial level on any monthly review date starting Dec. 9, 2024.
At maturity, the payout will be par unless the index declines by more than 15%, in which case investors will lose 1% for each 1% decline beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $2,186,000
|
| Maturity: | Dec. 12, 2028
|
| Coupon: | 9.6%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date, plus any previously unpaid coupons
|
| Price: | Par
|
| Payout at maturity: | Par unless the index declines by more than 15%, in which case investors lose 1% for each 1% decline beyond 15%
|
| Call: | Automatically at par if the index closes at or above 90% of initial level on any monthly review date starting Dec. 9, 2024
|
| Initial level: | 8,704.14
|
| Buffer: | 15%
|
| Buffer level: | 7,398.519, 85% of initial level
|
| Coupon barrier: | 6,092.898, 70% of initial level
|
| Pricing date: | Dec. 7
|
| Settlement date: | Dec. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.9%
|
| Cusip: | 48134R6E3
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
