Published on 9/27/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $283,000 uncapped accelerated barrier notes on Stoxx indexes
By Kiku Steinfeld
Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $283,000 of 0% uncapped accelerated barrier notes due Feb. 4, 2027 linked to the Euro Stoxx 50 index and Stoxx Europe 600 index, 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 227% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it closes below its 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 accelerated barrier notes
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Underlying indexes: | Euro Stoxx 50 index and Stoxx Europe 600 index
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Amount: | $283,000
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Maturity: | Feb. 4, 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 227% of worst performing index return; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial levels: | 4,174.60 for Euro Stoxx 50, 468.88 for Europe
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Upside leverage: | 227%
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Cap: | None
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Barriers: | 2,922.22 for Euro Stoxx 50, 328.216 for Europe, 70% of initial level
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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: | 0.58216%
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Cusip: | 48133CKE1
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