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Published on 2/8/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.32 million autocallable contingent interest notes on indexes, ETF

New York, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1.32 million of autocallable contingent interest notes due July 28, 2025 linked to the Dow Jones industrial average, the Materials Select Sector SPDR Fund and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.65%, paid monthly, if each underlier closes at or above its 70% trigger level on the related monthly observation date.

The securities will be called automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting April 23.

At maturity, the payout will be par unless the worst performing asset finishes below its 70% trigger level, in which case investors will be fully exposed to the decline of the worst performing asset.

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 assets:Dow Jones industrial average, Materials Select Sector SPDR Fund and S&P 500 index
Amount:$1.32 million
Maturity:July 28, 2025
Coupon:8.65%, paid monthly, if each underlier closes at or above its 70% trigger level on the related monthly observation date
Price:Par
Payout at maturity:Par unless the worst performing asset finishes below its trigger level, in which case investors will be fully exposed to the decline in the worst performing asset
Call:Automatically at par if the closing level of each underlier is greater than or equal to its initial level on any monthly review date starting April 23
Initial levels:37,905.45 for Dow Jones industrial average, $82.74 for Materials Select Sector SPDR Fund, 4,864.60 for S&P 500
Trigger levels:26,533.815 for Dow Jones industrial average, $57.918 for Materials Select Sector SPDR Fund, 3,405.22 for S&P 500, 70% of initial levels
Pricing date:Jan. 23
Settlement date:Jan. 26
Agent:J.P. Morgan Securities LLC
Fees:0.45%
Cusip:48134TYV0

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