Published on 2/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $993,000 capped notes linked to MerQube US Tech+
Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $993,000 of 0% capped notes due April 17, 2025 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus the return of the index capped at par plus 14%. Otherwise, the payout will be par.
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: | Capped notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $993,000
|
| Maturity: | April 17, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus index return capped at par plus 14%; otherwise, par
|
| Initial level: | 9,414.71
|
| Upside leverage: | 100%
|
| Cap: | 14%
|
| Principal protection: | 100%
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48134TQE7
|
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