Published on 9/29/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.12 million 10.15% callable contingent interest notes on indexes
New York, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $5.12 million of callable contingent interest notes due Aug. 27, 2025 linked to the Dow Jones industrial average, Nasdaq-100 Technology Sector index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.15%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
If the worst performing index gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold level.
The securities may be called starting Dec. 28 at par and on any subsequent monthly review date.
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: | Dow Jones industrial average, Nasdaq-100 Technology Sector index and Russell 2000 index
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| Amount: | $5,118,000
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| Maturity: | Aug. 27, 2025
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| Coupon: | 10.15%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing index 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: | Starting Dec. 28 at par and on any subsequent monthly review date
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| Initial levels: | 33,963.84 for Dow Jones industrial average, 7,855.83 for Nasdaq-100 Technology Sector, 1,776.503 for Russell 2000
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| Downside thresholds: | 20,378.304 for Dow Jones industrial average, 4,713.498 for Nasdaq-100 Technology Sector, 1,065.9018 for Russell 2000, 60% of initial level
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| Coupon barriers: | 23,774.688 for Dow Jones industrial average, 5,499.081 for Nasdaq-100 Technology Sector, 1,243.5521 for Russell 2000, 70% of initial levels
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.49354%
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| Cusip: | 48134AY90
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