Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.25 million capped notes linked to S&P Futures
New York, April 19 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% capped notes due April 14, 2027 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return of the index, capped at par plus 33.5%. Otherwise, the payout will be par.
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: | Capped notes
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $1.25 million
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| Maturity: | April 14, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus index return, capped at par plus 33.5%; otherwise, par
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| Initial level: | 455.97
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| Cap: | 33.5%
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| Principal protection: | 100%
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| Pricing date: | April 9
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| Settlement date: | April 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.5%
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| Cusip: | 48134XWE1
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