Published on 3/5/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.51 million autocallable accelerated barrier notes on three indexes
New York, March 5 – JPMorgan Chase Financial Co. LLC priced $1.51 million of 0% autocallable accelerated barrier notes due Feb. 11, 2027 linked to the Dow Jones industrial average, the Nasdaq-100 Technology Sector index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 18.01% if the worst performing index closes at or above its initial value on Feb. 11, 2025.
If the worst performing index gains, the payout at maturity will be par plus 150% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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: | Autocallable accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 Technology Sector index and Russell 2000 index
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| Amount: | $1,513,000
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| Maturity: | Feb. 11, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 150% of that index’s return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at a premium of 18.01% if the worst performing index closes at or above its initial value on Feb. 11, 2025
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| Initial levels: | 38,521.36 for Dow Jones industrial average, 9,966.25 for Nasdaq-100 Technology Sector, 1,953.628 for Russell 2000
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| Upside leverage: | 150%
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| Downside thresholds: | 26,964.952 for Dow Jones industrial average, 6,976.375 for Nasdaq-100 Technology Sector, 1,367.5396 for Russell 2000, 70% of initial levels
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.95%
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| Cusip: | 48134WBJ5
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