Published on 8/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.57 million uncapped dual directional accelerated barrier notes linked to S&P 500, Dow Jones
New York, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.57 million of 0% uncapped dual directional accelerated barrier notes due Feb. 10, 2027 linked to the S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 118.5% of the return of the worst performing index.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above the 60% barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it ends below the barrier.
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: | Uncapped dual directional accelerated barrier notes
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Underlying indexes: | S&P 500 index and Dow Jones industrial average
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Amount: | $1,565,000
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Maturity: | Feb. 10, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 118.5% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above 60% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
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Initial levels: | 32,803.47 for Dow Jones industrial average, 4,145.19 for S&P 500
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Upside leverage: | 118.5%
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Cap: | None
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Barriers: | 19,682.082 for Dow Jones industrial average, 2,487.114 for S&P 500, 60% of initial level
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Pricing date: | Aug. 5
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Settlement date: | Aug. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.92125%
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Cusip: | 48133L7A4
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