Published on 1/1/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $290,000 9% callable contingent interest notes on indexes
Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $290,000 of callable contingent interest notes due Dec. 11, 2025 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities may be called starting March 13, 2024 at par and on any subsequent monthly review 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 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $290,000
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| Maturity: | Dec. 11, 2025
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| Coupon: | 9% annual rate, 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 March 13, 2024 at par and on any subsequent monthly review date
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| Initial levels: | 16,084.69 for Nasdaq, 1,880.817 for Russell, 4,604.37 for S&P
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| Coupon barriers: | 11,259.283 for Nasdaq, 1,316.5719 for Russell, 3,223.059 for S&P, 70% of initial levels
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| Downside thresholds: | 9,650.814 for Nasdaq, 1,128.4902 for Russell, 2,762.622 for S&P, 60% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48134R7F9
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