Published on 3/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.55 million autocallable contingent interest notes on three indexes
New York, March 20 – JPMorgan Chase Financial Co. LLC priced $2.55 million of autocallable contingent interest notes due March 19, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.6%, paid monthly, if each underlying index closes at or above its 75% trigger level on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any determination date starting Sept. 14, 2023.
At maturity, the payout will be par unless the worst performing index finishes below its 75% trigger level, in which case investors will be fully exposed to the decline of the worst performing index.
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 contingent interest notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $2,545,000
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| Maturity: | March 19, 2026
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| Coupon: | 8.6%, paid monthly, if each underlying index closes at or above its 75% trigger level on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any determination date starting Sept. 14, 2023
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| Initial levels: | 32,155.40 for Dow Jones industrial average, 1,776.893 for Russell 2000, 3,919.29 for S&P 500
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| Trigger levels: | 24,116.55 for Dow Jones industrial average, 1,332.66975 for Russell 2000, 2,939.4675 for S&P 500, 75% of initial level
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| Pricing date: | March 14
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| Settlement date: | March 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133UV41
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