Published on 5/15/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $577,000 8.5% yield notes linked to Dow, Nasdaq, S&P
New York, May 15 – JPMorgan Chase Financial Co. LLC priced $577,000 of 8.5% yield notes due Oct. 3, 2024 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
If the worst performing index gains or ends above its 70% trigger level, the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% decline in the worst performing index if it finished below its trigger level.
The notes are non-callable.
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: | Yield notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and S&P 500 index
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Amount: | $577,000
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Maturity: | Oct. 3, 2024
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Coupon: | 8.5%, paid monthly
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its 70% trigger level, par; otherwise, 1% loss for every 1% that worst performing index declines
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Initial levels: | 35,559.53 for Dow, 15,757.00 for Nasdaq, 4,588.96 for S&P
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Trigger levels: | 24,891.671 for Dow, 11,029.90 for Nasdaq, 3,212.272 for S&P, 70% of initial level
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Call: | Non-callable
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Strike date: | July 31, 2023
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Pricing date: | Aug. 1, 2023
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Settlement date: | Aug. 4, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.24%
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Cusip: | 48133YPB4
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