Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $18.75 million trigger gears on basket of five indexes
By Wendy Van Sickle
Columbus, Ohio, April 19 – JPMorgan Chase Financial Co. LLC priced $18.75 million of 0% trigger gears due April 18, 2029 linked to an unequally weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight, the S&P/ASX 200 index with a 7.5% weight.
If the basket return is positive, the payout at maturity will be par plus 2.301 times the basket return.
Investors will receive par if the basket declines by 25% or less and will be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger gears
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| Underlying basket: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
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| Amount: | $18,751,940
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| Maturity: | April 18, 2029
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus 2.301 times any basket gain; par if basket declines by 25% or less; full exposure to basket’s decline from its initial level if it declines by more than 25%
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| Initial levels: | 4,984.48 for Stoxx, 39,232.8 for Nikkei, 7,965.53 for FTSE, 11,395.81 for Swiss Market, 7,752.526 for S&P/ASX
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| Downside threshold: | 75% of initial value
|
| Pricing date: | April 15
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| Settlement date: | April 17
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 48131F792
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