Published on 2/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $801,000 autocallable accelerated barrier notes tied to US Large-Cap
Chicago, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $801,000 of 0% autocallable accelerated barrier notes due Jan. 18, 2029 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 on Jan. 17, 2025 or Jan. 12, 2026 at a premium of 33.15% per year if the index closes above its initial value.
If the index gains the payout will be par plus 200% 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 Large-Cap Vol Advantage index
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| Amount: | $801,000
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| Maturity: | Jan. 18, 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 200% 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 on Jan. 17, 2025 or Jan. 12, 2026 at a premium of 33.15% per year if the index closes above its initial value
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| Initial level: | 2,900.04
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| Downside threshold: | 1,450.02, 50% of initial level
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| Upside leverage: | 200%
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| Pricing date: | Jan. 12
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| Settlement date: | Jan. 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 5%
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| Cusip: | 48134THG2
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