Published on 11/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.6 million review notes linked to MSCI EAFE, S&P 500
New York, Nov. 6 – JPMorgan Chase Financial Co. LLC priced $5.6 million of 0% review notes due Nov. 1, 2028 linked to the MSCI EAFE index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on any annual review date at a premium of 11.4% per year if the worst performing index closes at or above its initial value on the successive determination dates.
If the worst performing index ends at or above its 70% downside threshold, the payout at maturity will be par plus 57%.
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: | Review notes
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| Underlying indexes: | MSCI EAFE index and S&P 500 index
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| Amount: | $5.6 million
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| Maturity: | Nov. 1, 2028
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| Coupon: | 0%
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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 plus 57%; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically on any annual review date at a premium of 11.4% per year if the worst performing index closes at or above its initial value on the successive determination dates
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| Initial levels: | 1,945.35 for MSCI EAFE, 4,117.37 for S&P 500
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| Downside thresholds: | 1,361.745 for MSCI EAFE, 2,882.159 for S&P 500, 70% of initial levels
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| Strike date: | Oct. 27
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| Pricing date: | Oct. 30
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| Settlement date: | Nov. 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48134BR88
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