Published on 3/8/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.26 million autocallable contingent interest notes on three indexes
New York, March 8 – JPMorgan Chase Financial Co. LLC priced $4.26 million of autocallable contingent interest notes due Aug. 28, 2025 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.
Investors will receive a coupon of 9.9%, paid quarterly, if each underlying index closes at or above its 75% trigger level on the related quarterly 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 quarterly call determination date starting Aug. 23, 2024.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger level on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level.
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, Russell 2000 index and S&P 500 index
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| Amount: | $4,262,000
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| Maturity: | Aug. 28, 2025
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| Coupon: | 9.9%, paid quarterly, if each underlying index closes at or above its 75% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its trigger level on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer declines from its initial level
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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 quarterly call determination date starting Aug. 23, 2024
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| Initial levels: | 39,131.53 for Dow Jones industrial average, 2,016.688 for Russell 2000, 5,088.80 for S&P 500
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| Trigger levels: | 29,348.6475 for Dow Jones industrial average, 1,512.516 for Russell 2000, 3,816.60 for S&P 500, 75% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134WMX2
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