JPMorgan Chase Financial Company LLC Declares Quarterly Coupon on Alerian MLP Index ETN
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Insights
The announcement of the quarterly coupon amount for the Alerian MLP Index ETN by JPMorgan Chase Financial Company LLC provides crucial information for current and potential investors. The coupon amount of $0.4227 per note, with a current yield of 6.2%, is significant as it reflects the income investors can expect from their investment. This yield is particularly notable in the context of the current interest rate environment, where fixed income securities compete with other investment vehicles.
Investors will assess this yield against alternative investments, considering factors such as credit risk, market volatility and the overall health of the energy sector, which is represented by the Alerian MLP Index. The fact that these notes are senior, unsecured obligations, fully and unconditionally guaranteed by JPMorgan Chase & Co., adds a layer of security for investors, as the parent company's creditworthiness backs the ETN.
It is essential to note that the current yield is not indicative of future payments, which means that while the yield is attractive now, it could change based on the performance of the underlying assets and overall market conditions. Investors should also be aware of the long-term nature of these notes, with a due date in 2044, which could affect liquidity and price volatility.
The Alerian MLP Index ETN is a financial instrument that tracks the performance of the midstream energy Master Limited Partnerships (MLPs). The energy sector and specifically the midstream segment, has its own set of market dynamics, influenced by factors such as oil and gas prices, regulatory changes and shifts in energy consumption patterns. The coupon payment is a direct reflection of the performance of these MLPs and the attractiveness of the yield can draw more attention to this sector.
Considering the broader market, the 6.2% yield can be seen as a competitive return, especially when compared to current Treasury yields. This could potentially attract income-focused investors, especially those seeking higher yields in a low-interest-rate environment. However, the risk profile of MLPs, including their sensitivity to commodity prices and regulatory risk, must be weighed against the potential income benefits.
Moreover, the performance of the Alerian MLP Index ETN is also an indicator of investor sentiment towards the energy infrastructure industry. A stable or increasing coupon payment can signal confidence in the sector's growth prospects, while a decrease may raise concerns about the industry's future performance.
NYSE Arca Ticker |
Registered Issue Name |
Declaration Date |
Ex-Date |
Record Date |
Payment Date |
Coupon Amount1 per Note |
Current Yield2 |
AMJB |
Alerian MLP Index ETN |
Feb 21, 2024 |
Feb 28, 2024 |
Feb 29, 2024 |
March 8, 2024 |
|
|
As defined in the pricing supplement, dated January 26, 2024 for the Notes.
You may access this pricing supplement as follows:
https://www.sec.gov/Archives/edgar/data/1665650/000121390024007451/ea169118_424b2.htm
2) “Current Yield” equals the current Coupon Amount annualized and divided by the closing price of the Notes on February 20, 2024 and rounded to one decimal place for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the Notes.
The Notes are senior, unsecured obligations of JPMorgan Chase Financial Company LLC, the payment of which is fully and unconditionally guaranteed by JPMorgan Chase & Co.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in
Investment suitability must be determined individually for each investor, and the Notes may not be suitable for all investors. This information is not intended to provide and should not be relied upon as providing accounting, legal, regulatory or tax advice.
Investors should consult with their own advisors as to these matters.
JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed a registration statement (including a prospectus) with the SEC for any offerings to which these materials relate. Before you invest, you should read the prospectus in that registration statement and the other documents relating to any offerings to which these materials relate that JPMorgan Chase & Co. and JPMorgan Chase Financial Company LLC have filed with the SEC for more complete information about JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC and any offering to which these materials relate.
You may get these documents without cost by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, JPMorgan Chase & Co., JPMorgan Chase Financial Company LLC or any agent or any dealer participating in the any offerings to which these materials relate will arrange to send you the prospectus and each prospectus supplement as well as any product supplement, underlying supplement and preliminary pricing supplement if you so request by calling toll-free 1-800-576-3529.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240221303632/en/
Questions? Contact: JPMorgan Alerian ETN team, 1-800-576-3529 alerian_etn@jpmorgan.com
Source: JPMorgan Chase & Co.
FAQ
What is the quarterly coupon amount announced by JPMorgan Chase Financial Company LLC for Alerian MLP Index ETN (NYSE Arca: AMJB)?
What are the important dates related to the coupon amount for Alerian MLP Index ETN (NYSE Arca: AMJB)?
What is the Current Yield for Alerian MLP Index ETN (NYSE Arca: AMJB)?
Who guarantees the payment of the Notes for Alerian MLP Index ETN (NYSE Arca: AMJB)?
