Published on 3/27/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million callable contingent interest notes on three indexes
New York, March 27 – JPMorgan Chase Financial Co. LLC priced $1 million of callable contingent interest notes due March 23, 2027 linked to the Nasdaq-100 Technology Sector index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities may be called at par on any monthly review date starting June 18.
If the worst performing index finishes at or above its 60% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable contingent interest notes
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| Underlying indexes: | Nasdaq-100 Technology Sector index, Russell 2000 index and S&P 500 index
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| Amount: | $1 million
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| Maturity: | March 23, 2027
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| Coupon: | 9.5%, paid monthly, if each underlying index closes at or above its 70% 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 downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call option: | At par on any monthly review date starting June 18
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| Initial levels: | 10,221.21 for Nasdaq-100 Technology Sector, 2,024.735 for Russell 2000, 5,149.42 for S&P 500
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| Downside thresholds: | 6,132.726 for Nasdaq-100 Technology Sector, 1,214.841 for Russell 2000, 3,089.652 for S&P 500, 60% of initial levels
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| Coupon barriers: | 7,154.847 for Nasdaq-100 Technology Sector, 1,417.3145 for Russell 2000, 3,604.594 for S&P 500, 70% of initial levels
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| Pricing date: | March 18
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| Settlement date: | March 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134WS65
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