Published on 4/29/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.6 million autocallable contingent interest notes on three indexes
New York, April 29 – JPMorgan Chase Financial Co. LLC priced $1.6 million of autocallable contingent interest notes due April 28, 2027 linked to the Euro Stoxx 50 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 coupon of 10.3%, paid quarterly, if each underlying index closes at or above its 75% trigger level on the related quarterly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date starting Oct. 23, 2024.
At maturity, the payout will be par unless the worst performing index finishes below its 75% 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: | Euro Stoxx 50 index, Russell 2000 index and S&P 500 index
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| Amount: | $1.6 million
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| Maturity: | April 28, 2027
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| Coupon: | 10.3%, paid quarterly, if each underlying index closes at or above its 75% trigger level on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing index finishes 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 if the closing level of each underlying index is greater than or equal to its initial level on any quarterly review date starting Oct. 23, 2024
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| Initial levels: | 5,008.17 for Euro Stoxx 50, 2,002.643 for Russell 2000, 5,070.55 for S&P 500
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| Trigger levels: | 3,756.1275 for Euro Stoxx 50, 1,501.98225 for Russell 2000, 3,802.9125 for S&P 500, 75% of initial levels
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| Pricing date: | April 23
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48134X2J3
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