Published on 12/16/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.23 million autocallable barrier notes linked to Nasdaq, S&P
New York, Dec. 16 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% autocallable barrier notes due June 17, 2024 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a 17.15% call premium if the worst performing index closes at or above its initial value on Dec. 13, 2023.
If the worst performing index gains, the payout will be par plus the worst performing index return.
Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and will lose 1% for every 1% that the worst performing index 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 barrier notes
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| Underlying indexes: | Nasdaq-100 index and S&P 500 index
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| Amount: | $1,225,000
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| Maturity: | June 17, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at a 17.15% call premium if the worst performing index closes at or above its initial value on Dec. 13, 2023
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| Initial level: | 11,706.44 for Nasdaq-100, 3,990.56 for S&P 500
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| Downside threshold: | 8,194.508 for Nasdaq-100, 2,793.392 for S&P 500, 70% of initial level
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| Pricing date: | Dec. 12
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| Settlement date: | Dec. 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48133PYK3
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