Published on 4/30/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.69 million autocallable contingent interest notes on two indexes
New York, April 30 – JPMorgan Chase Financial Co. LLC priced $3.69 million of autocallable contingent interest notes due May 30, 2025 linked to the Nasdaq-100 Technology Sector index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid monthly, if the worst performing index closes at or above its 80% trigger level on the related valuation date.
The securities will be called automatically at par if each index closes at or above its initial level on any monthly review date starting Oct. 24, 2024.
At maturity, the payout will be par unless the worst performing index finishes below its 80% 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 and S&P 500 index
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| Amount: | $3,685,000
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| Maturity: | May 30, 2025
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| Coupon: | 9%, paid monthly, if the worst performing index closes at or above its 80% 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 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 each index closes at or above its initial level on any monthly review date starting Oct. 24, 2024
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| Initial levels: | 9,895.33 for Nasdaq-100 Technology Sector, 5,071.63 for S&P 500
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| Trigger levels: | 7,916.264 for Nasdaq-100 Technology Sector, 4,057.304 for S&P 500, 80% of initial levels
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| Pricing date: | April 24
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| Settlement date: | April 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48134XXM2
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