Published on 8/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.19 million uncapped accelerated barrier notes on three ETFs
New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% uncapped accelerated barrier notes due Aug. 3, 2027 linked to the SPDR S&P 500 ETF Trust, the iShares Russell 2000 ETF and the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout at maturity will be par plus 155% of the return of that ETF.
The payout will be par if the worst performing ETF declines but finishes at or above its 50% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing ETF declines from its initial 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: | Uncapped accelerated barrier notes
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| Underlying ETFs: | SPDR S&P 500 ETF Trust, iShares Russell 2000 ETF and Invesco QQQ Trust, Series 1
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| Amount: | $1,191,000
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| Maturity: | Aug. 3, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF gains, par plus 155% of that ETF return; par if worst performing ETF declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Initial levels: | $315.46 for Invesco QQQ Trust, Series 1, $411.99 for SPDR S&P 500, $187.25 for iShares Russell 2000 ETF
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| Upside leverage: | 155%
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| Barriers: | $157.73 for Invesco QQQ Trust, Series 1, $205.995 for SPDR S&P 500, $93.625 for iShares Russell 2000 ETF, 50% of initial level
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48133LNX6
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