E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/24/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $6.22 million 10.75% callable yield notes linked to Dow, Russell, S&P

New York, Aug. 24 – JPMorgan Chase Financial Co. LLC priced $6.22 million of 10.75% callable yield notes due Aug. 22, 2024 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.

Interest will be paid monthly.

The notes may be called at par on any monthly interest payment date starting Feb. 23, 2024.

The payout at maturity will be par if the worst performing index finishes at or above its 70% trigger. 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
Guarantor:JPMorgan Chase & Co.
Issue:Callable yield notes
Underlying indexes:Dow Jones industrial average, Russell 2000 index and S&P 500 index
Amount:$6,219,000
Maturity:Aug. 22, 2024
Coupon:10.75%, paid monthly
Price:Par
Payout at maturity:Par if worst performing index finishes at or above its trigger value; otherwise, 1% loss for every 1% that worst performing index declines
Call option:At par on any monthly interest payment date starting Feb. 23, 2024
Initial levels:34,500.66 for Dow Jones industrial average, 1,859.421 for Russell 2000, 4,369.71 for S&P 500
Trigger levels:24,150.462 for Dow Jones industrial average, 1,301.5947 for Russell 2000, 3,058.797 for S&P 500, 70% of initial level
Pricing date:Aug. 18
Settlement date:Aug. 23
Agent:J.P. Morgan Securities LLC
Fees:0.2%
Cusip:48133YX41

© 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.