Published on 8/14/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $299,000 9% autocallable contingent interest notes linked to indexes
New York, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $299,000 of autocallable contingent interest notes due March 15, 2024 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if each underlying index closes at or above its 65% trigger level on the related quarterly observation date.
The securities will be called automatically starting Dec. 12, 2022 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date.
At maturity the payout will be par unless the worst performing index closes below its 65% 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, Nasdaq-100 index and S&P 500 index
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Amount: | $299,000
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Maturity: | March 15, 2024
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Coupon: | 9%, paid quarterly, if each underlying index closes at or above its 65% trigger level on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the worst performing index closes 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 starting Dec. 12, 2022 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent quarterly review date
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Initial levels: | 32,381.34 for Dow Jones industrial average, 12,739.72 for Nasdaq-100, 4,110.41 for S&P 500
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Trigger levels: | 21,047.871 for Dow Jones industrial average, 8,280.818 for Nasdaq-100, 2,671.7665 for S&P 500, 65% of initial level
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Pricing date: | Sept. 12, 2022
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Settlement date: | Sept. 15, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48133MXJ4
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