Published on 10/19/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $726,000 0% capped dual directional barrier notes on indexes
By Kiku Steinfeld
Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $726,000 of 0% capped dual directional barrier notes due April 2, 2026 linked to the Dow Jones industrial average, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return capped at par plus 60%.
The payout will be par plus 100% of the absolute value of the worst performing index return if the worst performing index declines but ends above the 70% barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
The securities are non-callable.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Capped dual directional barrier notes
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
Amount: | $726,000
|
Maturity: | April 2, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index gains par plus worst performing index return capped at par plus 60%; par plus 100% of absolute value of worst performing index return if worst performing index declines but ands above 70% barrier; 1% loss for every 1% that worst performing index declines if it ends below the barrier
|
Call: | Non-callable
|
Initial levels: | 32,394.25 for Dow, 1,752.632 for Russell, 3,971.27 for S&P
|
Cap: | 60%
|
Barriers: | 22,675.975 for Dow, 1,226.8424 for Russell, 2,779.889 for S&P, 70% of initial level
|
Pricing date: | March 28, 2023
|
Settlement date: | March 31, 2023
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3%
|
Cusip: | 48133UTZ5
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.