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Published on 2/20/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $2.3 million callable contingent interest notes on indexes, ETF

New York, Feb. 20 – JPMorgan Chase Financial Co. LLC priced $2.3 million of callable contingent interest notes due Feb. 14, 2029 linked to the MSCI EAFE index, the MSCI Emerging Markets index and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 12%, paid monthly, if each underlier closes at or above its 70% downside threshold on the related monthly observation date.

The securities may be called at par on any monthly review date starting May 14.

If the worst performing asset finishes at or above its 70% downside threshold, the payout at maturity will be par plus the coupon.

Otherwise, investors will lose 1% for every 1% that the worst performing asset declines from initial level.

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:Callable contingent interest notes
Underlying assets:MSCI EAFE index, MSCI Emerging Markets index and iShares Russell 2000 ETF
Amount:$2.3 million
Maturity:Feb. 14, 2029
Coupon:12%, paid monthly, if each underlier closes at or above its 70% downside threshold on the related monthly observation date
Price:Par
Payout at maturity:If worst performing asset finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
Call option:At par on any monthly review date starting May 14
Initial levels:2,225.20 for MSCI EAFE, 995.53 for MSCI Emerging Markets, $199.34 for iShares Russell 2000 ETF
Downside thresholds:1,557.64 for MSCI EAFE, 696.871 for MSCI Emerging Markets, $139.538 for iShares Russell 2000 ETF, 70% of initial levels
Pricing date:Feb. 9
Settlement date:Feb. 14
Agent:J.P. Morgan Securities LLC
Fees:0.3%
Cusip:48134WED5

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