Published on 5/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.14 million callable contingent interest notes on three indexes
New York, May 17 – JPMorgan Chase Financial Co. LLC priced $2.14 million of callable contingent interest notes due May 17, 2028 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.1%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities may be called at par on any quarterly review date starting May 16, 2024.
If the worst performing index finishes at or above its 65% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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 contingent interest notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $2,143,000
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| Maturity: | May 17, 2028
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| Coupon: | 8.1%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| 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 from initial level
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| Call option: | At par on any quarterly review date starting May 16, 2024
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| Initial levels: | 33,300.62 for Dow Jones industrial average, 13,340.18 for Nasdaq-100, 1,740.849 for Russell 2000
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| Downside thresholds: | 21,645.403 for Dow Jones industrial average, 8,671.117 for Nasdaq-100, 1,131.55185 for Russell 2000, 65% of initial level
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| Coupon barriers: | 23,310.434 for Dow Jones industrial average, 9,338.126 for Nasdaq-100, 1,218.5943 for Russell 2000, 70% of initial levels
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| Pricing date: | May 12
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| Settlement date: | May 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133WGV4
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