Published on 9/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.25 million 7.5% autocallable yield notes linked to Stoxx, Nikkei, S&P
New York, Sept. 20 – JPMorgan Chase Financial Co. LLC priced $1.25 million of autocallable yield notes due March 19, 2025 linked to the Euro Stoxx 50 index, Nikkei 225 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Dec. 14 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly review date.
Investors will receive a coupon of 7.5%, paid quarterly.
If the worst performing index ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Otherwise investors will lose 1% for every 1% that the worst performing index declines.
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 yield notes
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| Underlying indexes: | Euro Stoxx 50 index, Nikkei 225 index and S&P 500 index
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| Amount: | $1.25 million
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| Maturity: | March 19, 2025
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| Coupon: | 7.5%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its downside threshold level par; otherwise 1% loss for every 1% that worst performing index declines
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| Call: | Automatically starting Dec. 14 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly review date
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| Initial levels: | 4,279.75 for Euro Stoxx 50, 33,168.10 for Nikkei 225, 4,505.10 for S&P 500
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| Downside thresholds: | 2,567.85 for Euro Stoxx 50, 19,900.86 for Nikkei 225, 2,703.06 for S&P 500, 60% of initial level
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48134AX26
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