Published on 1/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.92 million leveraged market-linked securities with downside on stocks
By William Gullotti
Buffalo, N.Y., Jan. 26 – JPMorgan Chase Financial Co. LLC priced $2.92 million of 0% market-linked securities with leveraged upside participation and contingent downside due Jan. 25, 2027 linked to the stock performance of Alphabet Inc., Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 2.135 times the return of the least-performing stock.
Investors will receive par if the worst performer declines by no more than 25% and will be fully exposed to the decline of the worst performer if it declines by more than 25%.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Market-linked securities – leveraged upside participation and contingent downside
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| Underlying stocks: | Alphabet Inc.
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| Amount: | $2,921,000
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| Maturity: | Jan. 25, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes flat or gains, par plus 2.135 times the return of the least-performing stock; if worst performer declines but finishes at or above threshold level, par; otherwise, 1% loss for each 1% decline of worst performer from initial level
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| Initial levels: | $98.02 for Alphabet, $97.25 for Amazon, $137.87 for Apple
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| Threshold levels: | $73.515 for Alphabet, $72.9375 for Amazon, $103.4025 for Apple; 75% of initial levels
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
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| Fees: | 3.05%
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| Cusip: | 48133TZE8
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