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
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
