Published on 4/24/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $21.85 million review notes on Russell 2000, S&P 500
New York, April 24 – JPMorgan Chase Financial Co. LLC priced $21.85 million of 0% review notes due April 21, 2028 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically starting April 25, 2025 and on any subsequent quarterly review date at a premium of 8.05% per year if the worst performing index closes above 80% of its initial value on the successive determination dates.
If the notes are not called, investors will lose 1% for every 1% that the worst performing index declines if it finishes below the downside threshold 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: | Russell 2000 index and S&P 500 index
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Amount: | $21,853,000
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Maturity: | April 21, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not called, 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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Initial levels: | 1,942.958 for Russell 2000, 5,011.12 for S&P 500
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Call: | Automatically starting April 25, 2025 and on any subsequent quarterly review date at a premium of 8.05% per year if the worst performing index closes above 80% of its initial value on the successive determination dates
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Pricing date: | April 18
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Settlement date: | April 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134XA96
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