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Published on 1/10/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $480,000 5.55% autocallable yield notes linked to indexes

By Kiku Steinfeld

Chicago, Jan. 10 – JPMorgan Chase Financial Co. LLC priced $480,000 of autocallable yield notes due Oct. 30, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting Oct. 25, 2023 at par if the level of each underlying index is greater than or equal to its initial level on a monthly review date.

Investors will receive a coupon of 5.55%, paid monthly.

If the worst performing index ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Otherwise investors will lose 1% for every 1% that the worst performing index declines.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Autocallable yield notes
Underlying indexes:Nasdaq-100 index, Russell 2000 index and S&P 500 index
Amount:$480,000
Maturity:Oct. 30, 2024
Coupon:5.55%, paid monthly
Price:Par
Payout at maturity:If worst performing index finishes at or above its downside threshold level par; otherwise 1% loss for every 1% that worst performing index declines
Call:Automatically starting Oct. 25, 2023 at par if the level of each underlying index is greater than or equal to its initial level on a monthly review date
Initial levels:12,725.11 for Nasdaq, 1,745.952 for Russell, 4,071.63 for S&P
Downside thresholds:7,635.066 for Nasdaq, 1,047.5712 for Russell, 2,442.978 for S&P, 60% of initial level
Pricing date:April 25, 2023
Settlement date:April 28, 2023
Agent:J.P. Morgan Securities LLC
Fees:2.225%
Cusip:48133VR44

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