Published on 6/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million autocallable contingent interest notes tied to Dow, S&P
New York, June 14 – JPMorgan Chase Financial Co. LLC priced $1 million of autocallable contingent interest notes due Dec. 5, 2024 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.9%, paid monthly, if the worst performing index closes at or above its 70% trigger level on the related valuation date.
The securities will be called automatically at par if each index closes at or above its initial level on any monthly review date starting Sept. 5.
At maturity, the payout will be par unless the worst performing index finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing index.
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 contingent interest notes
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| Underlying indexes: | Dow Jones industrial average and S&P 500 index
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| Amount: | $1,002,000
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| Maturity: | Dec. 5, 2024
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| Coupon: | 7.9%, paid monthly, if the worst performing index closes at or above its 70% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if each index closes at or above its initial level on any monthly review date starting Sept. 5
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| Initial levels: | 33,762.76 for Dow Jones, 4,282.37 for S&P 500
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| Trigger levels: | 23,633.932 for Dow Jones, 2,997.659 for S&P 500, 70% of initial levels
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| Pricing date: | June 2
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| Settlement date: | June 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133XAD8
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