Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $680,000 autocallable accelerated barrier notes tied to MerQube US Tech+
Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $680,000 of 0% autocallable accelerated barrier notes due Jan. 24, 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 par plus an annualized 32% premium starting Jan. 24, 2025 and on any subsequent quarterly review date if the index closes above its initial level.
If the index gains the payout will be par plus 300% of the index return. Investors will receive par if the index declines but ends at or above its 50% barrier and they will lose 1% for every 1% that the index declines if it finishes below the barrier level.
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 accelerated barrier notes
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| Underlying index: | MerQube US Tech+ Vol Advantage index
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| Amount: | $680,000
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| Maturity: | Jan. 24, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial value, par plus 300% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Call: | Automatically at par plus 32% annualized premium starting Jan. 24, 2025 and on any subsequent quarterly review date if index closes above initial level
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| Initial level: | 9,981.54
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| Downside threshold: | 4,990.77, 50% of initial level
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| Upside leverage: | 300%
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48134TSP0
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