Published on 2/22/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.6 million 7.05% autocallable yield notes on three indexes
New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.6 million of autocallable yield notes due Aug. 19, 2025 linked to the Euro Stoxx 50 index, the Nikkei 225 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.05%, paid quarterly.
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 review date.
If the worst performing index ends at or above its 65% 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: | $1.6 million
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| Maturity: | Aug. 19, 2025
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| Coupon: | 7.05%, 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 from 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 review date
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| Initial levels: | 4,709.22 for Euro Stoxx 50, 37,703.32 for Nikkei 225, 5,000.62 for S&P 500
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| Downside thresholds: | 3,060.993 for Euro Stoxx 50, 24,507.158 for Nikkei 225, 3,250.403 for S&P 500, 65% of initial level
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| Pricing date: | Feb. 14
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| Settlement date: | Feb. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134WKF3
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