Published on 12/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.04 million contingent interest autocalls on stock, index, ETF
New York, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $1.04 million of autocallable contingent interest notes due Dec. 4, 2026 linked to Nvidia Corp., the Nasdaq-100 index and the iShares Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14%, paid monthly, if each underlier closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons.
The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 2, 2024.
At maturity, the payout will be par unless the worst performing asset finishes below its 60% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Nvidia Corp., Nasdaq-100 index and iShares Semiconductor ETF
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| Amount: | $1,035,000
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| Maturity: | Dec. 4, 2026
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| Coupon: | 14%, paid monthly, if each underlier closes at or above its 60% trigger level on the related monthly observation date, plus any previously unpaid coupons
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting Dec. 2, 2024
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| Initial levels: | $467.65 for Nvidia, 15,997.58 for Nasdaq-100, $516.24 for iShares Semiconductor ETF
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| Trigger levels: | $280.59 for Nvidia, 9,598.548 for Nasdaq-100, $309.744 for iShares Semiconductor ETF, 60% of initial levels
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134RSS8
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