Published on 3/10/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $100,000 12.15% contingent interest autocalls on MerQube US Tech+
By Kiku Steinfeld
Chicago, March 11 – JPMorgan Chase Financial Co. LLC priced $100,000 of autocallable contingent interest notes due July 3, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.15% if the index closes at or above its 60% coupon barrier on the related valuation date.
The securities will be called automatically starting June 28, 2024 on a quarterly review date if the index closes at or above initial level
At maturity the payout will be par unless the index closes below its 50% trigger level in which case investors will be fully exposed to the decline of the index.
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: | Autocallable contingent interest notes
|
| Underlying index: | MerQube US Tech+ Vol Advantage index
|
| Amount: | $100,000
|
| Maturity: | July 3, 2028
|
| Coupon: | 12.15% if the index closes at or above its 60% coupon barrier on the related valuation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the index closes below its trigger level in which case investors will be fully exposed to the decline in the index
|
| Call: | Automatically starting June 28, 2024 on a quarterly review date if the index closes at or above initial level
|
| Initial level: | 8,415.05
|
| Trigger level: | 4,207.525, 50% of initial level
|
| Coupon barrier: | 5,049.03, 60% of initial level
|
| Pricing date: | June 28, 2023
|
| Settlement date: | June 30, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 5%
|
| Cusip: | 48133XUY0
|
|
|
© 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.
