Published on 12/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $578,000 10.8% autocallable yield notes linked to Russell, S&P
Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $578,000 of autocallable yield notes due Dec. 5, 2023 linked to the lesser performing of the 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 10.8%, paid monthly.
The securities will be called automatically starting May 1, 2023 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date.
If the worst performing index ends 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 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: | Russell 2000 index and S&P 500 index
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| Amount: | $578,000
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| Maturity: | Dec. 5, 2023
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| Coupon: | 10.8% annual rate, paid monthly
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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 May 1, 2023 at par if the level of each underlying index is greater than or equal to its initial level and on any subsequent monthly review date
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| Initial levels: | 1,846.863 for Russell, 3,871.98 for S&P
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| Downside thresholds: | 1,292.8041 for Russell, 2,710.386 for S&P, 70% of initial levels
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| Pricing date: | Oct. 31, 2022
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| Settlement date: | Nov. 3, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133NF52
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