Published on 2/27/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan levels $211,000 autocallable contingent interest notes on US Tech+
New York, Feb. 27 – JPMorgan Chase Financial Co. LLC leveld $211,000 of autocallable contingent interest notes due Jan. 17, 2029 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Contingent coupons at an annual rate of 14.7% will be paid monthly if the index closes above its 60% interest barrier on the related observation date.
The securities will be called automatically on monthly review dates starting after one year at par if the level of the index is greater than or equal to its initial level.
If index finishes at or above its 60% trigger level the payout at maturity will be par. Otherwise investors will lose 1% loss for every 1% that the index declines.
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: | Autocallable contingent interest notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $211,000
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| Maturity: | Jan. 17, 2029
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| Coupon: | 14.7% annual rate, paid monthly if index closes above interest barrier on related observation date
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| Level: | Par
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| Payout at maturity: | If index finishes at or above trigger level, par; 1% loss for every 1% the index declines if it ends below trigger level
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| Call: | Automatically at par starting after one year on monthly review dates if the level of the index is greater than or equal to its initial level
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| Initial level: | 9,412.69
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| Interest barrier: | 5,647.614, 60% if initial level
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| Barrier: | 5,647.614, 60% if initial level
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| Pricing date: | Jan. 16, 2024
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| Settlement date: | Jan. 19, 2024
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48134TUZ5
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