Published on 1/16/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $100,000 10.5% autocallable contingent interest notes on three stocks
By Kiku Steinfeld
Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $100,000 of autocallable contingent interest notes due May 1, 2026 linked to the common stocks of Apple Inc., Meta Platforms, Inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid quarterly, if each underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date.
The securities will be called automatically starting April 29, 2024 at par if the price of each underlying stock is greater than or equal to its initial price on a quarterly review date.
At maturity 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent interest notes
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| Underlying stocks: | Apple Inc., Meta Platforms, Inc. and Nvidia Corp.
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| Amount: | $100,000
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| Maturity: | May 1, 2026
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| Coupon: | 10.5%, paid quarterly, if each underlying stock closes at or above its 85% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par
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| Call: | Automatically starting April 29, 2024 at par if the price of each underlying stock is greater than or equal to its initial price on a quarterly review date
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| Initial levels: | $169.68 for Apple Inc., $240.32 for Meta Platforms, Inc., $277.49 for Nvidia Corp.
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| Barrier levels: | $144.228 for Apple Inc., $204.272 for Meta Platforms, Inc., $235.8665 for Nvidia Corp.
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| Pricing date: | April 28, 2023
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| Settlement date: | May 3, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133VPD6
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