Published on 12/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.5 million autocallable contingent interest notes on three indexes
New York, Dec. 12 – JPMorgan Chase Financial Co. LLC priced $5.5 million of autocallable contingent interest notes due June 11, 2026 linked to the Dow Jones industrial average, the Nasdaq-100 Technology Sector index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, 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 at par if the closing level of each underlying index is greater than or equal to its initial level on any monthly review date starting Dec. 6, 2024.
At maturity, the payout will be par unless the worst performing index finishes 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
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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 Technology Sector index and S&P 500 index
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| Amount: | $5.5 million
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| Maturity: | June 11, 2026
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| Coupon: | 10.25%, paid monthly, if each underlying index closes at or above its 80% coupon barrier 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 monthly review date starting Dec. 6, 2024
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| Initial levels: | 36,054.43 for Dow Jones industrial average, 8,686.94 for Nasdaq-100 Technology Sector, 4,549.34 for S&P 500
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| Trigger levels: | 25,238.101 for Dow Jones industrial average, 6,080.858 for Nasdaq-100 Technology Sector, 3,184.538 for S&P 500, 70% of initial levels
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| Coupon barriers: | 28,843.544 for Dow Jones industrial average, 6,949.552 for Nasdaq-100 Technology Sector, 3,639.472 for S&P 500, 80% of initial levels
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| Pricing date: | Dec. 6
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| Settlement date: | Dec. 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.94909%
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| Cusip: | 48134RWP9
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