Published on 10/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $654,000 autocallable accelerated barrier notes on Dow, Nasdaq, Russell
Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $654,000 of 0% autocallable accelerated barrier notes due Feb. 13, 2025 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Feb. 10, 2023 at a premium of 15% if the worst performing index closes above its initial value.
If the worst performing index gains the payout will be par plus 175% of the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and they will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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: | Autocallable accelerated barrier notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $654,000
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Maturity: | Feb. 13, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 175% of worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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Call: | Automatically on Feb. 10, 2023 at a premium of 15% if the worst performing index closes above its initial value
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Initial level: | 35,768.06 for Dow, 15,056.96 for Nasdaq, 2,083.499 for Russell
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Upside leverage: | 175%
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Downside threshold levels: | 25,037.642 for Dow, 10,539.872 for Nasdaq, 1,458.4493 for Russell, 70% of initial levels
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.53104%
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Cusip: | 48133CR38
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