Published on 9/24/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $378,000 autocallable accelerated barrier notes linked to Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $378,000 of 0% autocallable accelerated barrier notes due Feb. 5, 2025 linked to the iShares MSCI EAFE ETF and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus 200% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends at or above its 70% barrier, and they will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier level.
The notes will be called automatically on Feb. 1, 2023 at a premium of par plus 13.5% if the worst performing asset closes at or above 100% of its initial value.
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 assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $378,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus 200% of worst performing asset return; if worst performing asset declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Initial level: | $75.82 for ETF, 4,174.60 for index
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| Upside leverage: | 200%
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| Downside threshold: | $53.074 for ETF, 2,922.22 for index, 70% of initial level
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| Call: | Automatically on Feb. 1, 2023 at par plus 13.5% if the worst performing asset closes at or above 100% of its initial value
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.57487%
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| Cusip: | 48133CMF6
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