Published on 4/10/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.55 million callable contingent interest notes on three indexes
New York, April 10 – JPMorgan Chase Financial Co. LLC priced $2.55 million of callable contingent interest notes due March 2, 2026 linked to the Nasdaq-100 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 7.35%, paid monthly, if the worst performing index closes at or above its 70% coupon barrier on the related valuation date.
The securities may be called at par on any monthly determination date starting June 28.
If the worst performing index finishes at or above its 65% downside threshold, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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: | Callable contingent interest notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $2,546,000
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| Maturity: | March 2, 2026
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| Coupon: | 7.35%, paid monthly if the worst performing index closes at or above its 70% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing index 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 option: | At par on any monthly determination date starting June 28
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| Initial levels: | 18,277.06 for Nasdaq-100, 2,074.163 for Russell 2000, 5,218.19 for S&P 500
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| Downside thresholds: | 11,880.089 for Nasdaq-100, 1,348.20595 for Russell 2000, 3,391.8235 for S&P 500, 65% of initial levels
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| Coupon barriers: | 12,793.942 for Nasdaq-100, 1,451.9141 for Russell 2000, 3,652.733 for S&P 500, 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.225%
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| Cusip: | 48134WW86
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