Published on 7/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $338,000 7.15% callable yield notes linked to Nasdaq, Russell, S&P
Chicago, July 28 – JPMorgan Chase Financial Co. LLC priced $338,000 of 7.15% callable yield notes due Jan. 24, 2025 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes may be called at par starting Jan. 25, 2024 on any monthly interest payment date.
The payout at maturity will be par if the worst performing index finishes at or above its 70% trigger. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the trigger 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: | Callable yield notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $338,000
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Maturity: | Jan. 24, 2025
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Coupon: | 7.15% annual rate, paid monthly
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Price: | Par
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Payout at maturity: | Par if worst performing index finishes at or above its trigger value; otherwise, 1% loss for every 1% that worst performing index declines
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Call: | At par on any monthly interest payment date starting Jan. 25, 2024
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Initial levels: | 15,425.67 for Nasdaq, 1,960.255 for Russell, 4,536.34 for S&P
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Trigger levels: | 10,797.969 for Nasdaq, 1,372.1785 for Russell, 3,175.438 for S&P, 70% of initial levels
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Pricing date: | July 21
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Settlement date: | July 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.2%
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Cusip: | 48133YGY4
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