Published on 1/3/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.58 million review notes linked to MerQube US Large-Cap
New York, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $4.58 million of 0% review notes due Dec. 28, 2026 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 18.5% per year if the index closes at or above 90% of its initial value on any quarterly review date starting Sept. 23, 2024.
If the index ends at or above its 65% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the index declines from initial 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: | Review notes
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Underlying index: | MerQube US Large-Cap Vol Advantage index
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Amount: | $4,575,000
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Maturity: | Dec. 28, 2026
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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 downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
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Call: | Automatically at a premium of 18.5% per year if the index closes at or above 90% of its initial value on any quarterly review date starting Sept. 23, 2024
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Initial level: | 2,899.18
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Downside threshold: | 1,884.467, 65% of initial level
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Pricing date: | Dec. 22
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Settlement date: | Dec. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48134RX78
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