Published on 2/27/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $672,000 callable contingent interest notes on indexes
New York, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $672,000 of callable contingent interest notes due Dec. 19, 2025 linked to the worst performing of the Nasdaq-100 Technology Sector index, 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 8.59% paid monthly if the worst performing index closes at or above its 70% coupon level on the related valuation date.
The securities are callable at par on monthly interest payment dates starting April 16, 2024.
If the worst performing index finishes at or above its 65% trigger level the payout at maturity will be par. Otherwise investors will lose 1% loss 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: | 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: | $672,000
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| Maturity: | Dec. 19, 2025
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| Coupon: | 8.59% annual rate, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above trigger price, par; 1% loss for every 1% that worst performing index declines if it ends below trigger price
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| Call: | At par on monthly interest payment dates starting April 19, 2024
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| Initial levels: | 9,562.14 for Nasdaq tech, 1,927.304 for Russell, 4,765.98 for S&P
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| Coupon barriers: | 6,693.498 for Nasdaq tech, 1,349.1128 for Russell, 3,336.186 for S&P, 70% of initial levels
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| Trigger values: | 6,215.391 for Nasdaq tech, 1,252.7476 for Russell, 3,097.887 for S&P, 65% of initial levels
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| Pricing date: | Jan. 16, 2024
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| Settlement date: | Jan. 19, 2024
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.15%
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| Cusip: | 48134TTB0
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