New Issue: JPMorgan prices $4.15 million 10.75% autocallable contingent interest notes on indexes

New York, Oct. 10 – JPMorgan Chase Financial Co. LLC priced $4.15 million of autocallable contingent interest notes due April 2, 2026 linked to the Dow Jones industrial average, Nasdaq-100 Technology Sector index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.75%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date.

The securities will be called automatically starting Sept. 30, 2024 at par if the level of each underlying index is greater than or equal to its initial level on any monthly review date.

At maturity the payout will be par unless the worst performing index closes below its 70% 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
Guarantor:	JPMorgan Chase & Co.
Issue:	Autocallable contingent interest notes
Underlying indexes:	Dow Jones industrial average, Nasdaq-100 Technology Sector index and S&P 500 index
Amount:	$4,145,000
Maturity:	April 2, 2026
Coupon:	10.75%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date
Price:	Par
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
Call:	Automatically starting Sept. 30, 2024 at par if the level of each underlying index is greater than or equal to its initial level on any monthly review date
Initial levels:	33,666.34 for Dow Jones industrial average, 7,901.66 for Nasdaq-100 Technology Sector, 4,299.70 for S&P 500
Trigger levels:	23,566.438 for Dow Jones industrial average, 5,531.162 for Nasdaq-100 Technology Sector, 3,009.79 for S&P 500, 70% of initial level
Coupon barriers:	26,933.072 for Dow Jones industrial average, 6,321.328 for Nasdaq-100 Technology Sector, 3,439.76 for S&P 500, 80% of initial levels
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Agent:	J.P. Morgan Securities LLC
Fees:	0.9453%
Cusip:	48134AM85

© 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.