Published on 4/26/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $4.2 million autocallable contingent interest notes on three indexes
New York, April 26 – JPMorgan Chase Financial Co. LLC priced $4.2 million of autocallable contingent interest notes due Oct. 23, 2025 linked to the Dow Jones industrial average, 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 10.1%, paid quarterly, if each underlying index closes at or above its 75% trigger level on every trading day during the observation period.
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 call determination date starting Oct. 21, 2024.
If the notes have not been called, the payout at maturity will be par unless any index closes below its trigger level on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer 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: | Autocallable contingent interest notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $4,198,000
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| Maturity: | Oct. 23, 2025
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| Coupon: | 10.1%, paid quarterly, if each underlying index closes at or above its 75% trigger level on every trading day during the observation period
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its trigger level on any trading day during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer 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 call determination date starting Oct. 21, 2024
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| Initial levels: | 37,986.40 for Dow Jones industrial average, 1,947.656 for Russell 2000, 4,967.23 for S&P 500
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| Trigger levels: | 28,489.80 for Dow Jones industrial average, 1,460.742 for Russell 2000, 3,725.4225 for S&P 500, 75% of initial levels
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134XWT8
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