Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $476,000 7.75% autocallable contingent interest notes on indexes
Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $476,000 of autocallable contingent interest notes due Oct. 23, 2025 linked to the least performing of the Nasdaq-100 Technology Sector index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a monthly coupon of 7.75% if the worst performing index closes at or above its 70% trigger level on the related valuation date.
The securities will be called automatically at par starting July 19, 2024 and on any subsequent monthly review date if each asset closes above its initial level.
At maturity the payout will be par unless the worst performing index closes below its 70% trigger level in which case investors will be fully exposed to the decline of the worst performing index.
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: | Nasdaq-100 Technology Sector index, Russell 2000 index, S&P 500 index
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| Amount: | $476,000
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| Maturity: | Oct. 23, 2025
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| Coupon: | 7.75% annual rate, payable monthly if the worst performing index closes at or above its 70% trigger level on the related valuation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par starting July 19, 2024 and on any subsequent monthly review date if all three indexes finish above initial levels
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| Initial levels: | 9,921.77 for tech, 1,944.391 for Russell, 4,839.81 for S&P
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| Trigger levels: | 6,945.239 for tech, 1,361.0737 for Russell, 3,387.867 for S&P, 70% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48134TWZ3
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