Published on 1/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.54 million review notes linked to MerQube US Tech+
New York, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $1.54 million of 0% review notes due Jan. 18, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 21% per year if the index closes at or above its call value on any quarterly review date starting Jan. 16, 2025. Call value will be equal to the index’s initial level for the first 13 review dates, stepping down to 75% of initial level for the 14th through final dates.
If the index ends at or above its 50% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Review notes
|
Underlying index: | MerQube US Tech+ Vol Advantage index
|
Amount: | $1,538,000
|
Maturity: | Jan. 18, 2029
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If index finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
|
Call: | Automatically at a premium of 21% per year if the index closes at or above its call value on any quarterly review date starting Jan. 16, 2025; call value will be equal to the index’s initial level for the first 13 review dates, stepping down to 75% of initial level for the 14th through final dates
|
Initial level: | 9,414.71
|
Downside threshold: | 4,707.355, 50% of initial level
|
Pricing date: | Jan. 12
|
Settlement date: | Jan. 18
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 2%
|
Cusip: | 48134TSL9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.