Published on 4/17/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.67 million 8.2% callable contingent interest notes on indexes, ETF
New York, April 17 – JPMorgan Chase Financial Co. LLC priced $1.67 million of callable contingent interest notes due April 14, 2027 linked to the Euro Stoxx 50 index, MSCI Emerging Markets index and SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.2%, paid quarterly, if each underlier closes at or above its 65% coupon barrier on the related quarterly observation date.
If the worst performing asset gains or ends above its 60% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the worst performing asset declines if it finishes below its downside threshold level.
The securities may be called starting Oct. 15, 2024 at par and on any subsequent quarterly review date.
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 assets: | Euro Stoxx 50 index, MSCI Emerging Markets index and SPDR Gold Trust
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| Amount: | $1,665,000
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| Maturity: | April 14, 2027
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| Coupon: | 8.2%, paid quarterly, if each underlier closes at or above its 65% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Call: | Starting Oct. 15, 2024 at par and on any subsequent quarterly review date
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| Initial levels: | 4,990.9 for Euro Stoxx 50, 1,055.37 for MSCI Emerging Markets, $217.67 for SPDR Gold Trust
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| Downside thresholds: | 2,994.54 for Euro Stoxx 50, 633.222 for MSCI Emerging Markets, $130.602 for SPDR Gold Trust, 60% of initial level
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| Coupon barriers: | 3,244.085 for Euro Stoxx 50, 685.9905 for MSCI Emerging Markets, $141.4855 for SPDR Gold Trust, 65% of initial levels
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134XXK6
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