Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.4 million 8.65% contingent interest notes linked to Dow, Russell, S&P
New York, April 23 – JPMorgan Chase Financial Co. LLC priced $1.4 million of contingent interest notes due Oct. 22, 2024 linked to the Dow Jones industrial average, Russell 2000 index and 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 underlying index closes at or above its 80% coupon barrier on the related monthly observation date.
If the worst performing index gains or ends above its 70% trigger value the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its trigger value.
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: | 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: | $1.4 million
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| Maturity: | Oct. 22, 2024
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| Coupon: | 8.65%, 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: | If worst performing index finishes at or above its 70% trigger value, par; 1% loss for every 1% that worst performing index declines if it finishes below its trigger value
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| Initial levels: | 34,585.35 for Dow Jones industrial average, 1,951.269 for Russell 2000, 4,522.79 for S&P 500
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| Trigger values: | 24,209.745 for Dow Jones industrial average, 1,365.8883 for Russell 2000, 3,165.953 for S&P 500, 70% of initial level
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| Coupon barriers: | 27,668.28 for Dow Jones industrial average, 1,561.0152 for Russell 2000, 3,618.232 for S&P 500, 80% of initial levels
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| Pricing date: | July 17, 2023
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| Settlement date: | July 20, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133YHE7
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