Published on 12/19/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.02 million 10.3% yield notes linked to Deere, PepsiCo, Walmart
New York, Dec. 19 – JPMorgan Chase Financial Co. LLC priced $3.02 million of yield notes due Dec. 18, 2025 linked to the common stocks of Deere & Co., PepsiCo, Inc. and Walmart Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.3%, paid quarterly.
If the worst performing stock finishes at or above its 75% trigger, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for every 1% decline in the worst performing stock from its 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: | Yield notes
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| Underlying stocks: | Deere & Co., PepsiCo, Inc. and Walmart Inc.
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| Amount: | $3,018,000
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| Maturity: | Dec. 18, 2025
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| Coupon: | 10.3%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing stock finishes at or above its 75% trigger, par; otherwise, 1% loss for every 1% that worst performing stock declines
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| Initial levels: | $377.01 for Deere & Co., $172.01 for PepsiCo, Inc., $154.05 for Walmart Inc.
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| Triggers: | $282.7575 for Deere & Co., $129.0075 for PepsiCo, Inc., $115.5375 for Walmart Inc., 75% of initial levels
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| Strike date: | Dec. 13
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48134R4B1
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