Published on 10/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $196,000 autocallable accelerated barrier notes on index, ETF
Chicago, Oct. 28 – JPMorgan Chase Financial Co. LLC priced $196,000 of 0% autocallable accelerated barrier notes due March 5, 2025 linked to the lesser performing of the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on March 1, 2023 at a premium of 14.5% if the worst performing asset closes above its initial value.
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 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: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $196,000
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| Maturity: | March 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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| Call: | Automatically on March 1, 2023 at a premium of 14.5% if the worst performing asset closes above its initial value
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| Initial level: | 3,924.23 for Stoxx, $73.22 for ETF
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| Upside leverage: | 200%
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| Downside threshold: | 2,746.961 for Stoxx, $51.254 for ETF, 70% of initial levels
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.59235%
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| Cusip: | 48133CD82
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