Published on 10/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.63 million 10.1% autocallable contingent interest notes on indexes, ETF
New York, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $1.63 million of autocallable contingent interest notes due April 10, 2025 linked to the Russell 2000 index, S&P 500 index and VanEck Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.1%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically starting April 8, 2024 at par if the level of each underlier is greater than or equal to its initial price on any monthly review date.
At maturity the payout will be par unless the worst performing asset closes below its 65% trigger level in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Russell 2000 index, S&P 500 index and VanEck Gold Miners ETF
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| Amount: | $1,628,000
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| Maturity: | April 10, 2025
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| Coupon: | 10.1%, paid monthly, if each underlier closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset closes below its trigger level in which case investors will be fully exposed to the decline in the worst performing asset
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| Call: | Automatically starting April 8, 2024 at par if the level of each underlier is greater than or equal to its initial price on any monthly review date
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| Initial levels: | 1,745.558 for Russell 2000, 4,308.50 for S&P 500, $26.89 for VanEck Gold Miners ETF
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| Trigger levels: | 1,134.6127 for Russell 2000, 2,800.525 for S&P 500, $17.4785 for VanEck Gold Miners ETF, 65% of initial level
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| Coupon barriers: | 1,221.8906 for Russell 2000, 3,015.95 for S&P 500, $18.823 for VanEck Gold Miners ETF, 70% of initial levels
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48134BHP1
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