By Kiku Steinfeld
Chicago, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $1.84 million of 0% market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside due Feb. 27, 2026 linked to Amazon.com, Inc. and Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 23.65% call premium if the worse performing stock closes at or above its initial level on Feb. 27, 2024.
If the worse performing stock finishes above its initial level, the payout at maturity will be par plus 1.5 times the return of the worse performing stock.
Investors will receive par if the worst performer declines by no more than 15% and will lose 1% for every 1% decline of the worst performer beyond 15%.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Market-linked securities – autocallable with leveraged upside participation and fixed percentage buffered downside
|
| Underlying stocks: | Amazon.com, Inc. and Apple Inc.
|
| Amount: | $1.84 million
|
| Maturity: | Feb. 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the worse performing stock gains, par plus 1.5 times the return of the worse performing stock; if worst performer declines but finishes at or above threshold level, par; otherwise, 1% loss for each 1% decline of worst performer beyond 15%
|
| Call: | Automatically at par plus 23.65% call premium if the worse performing stock closes at or above initial level on Feb. 27, 2024
|
| Initial levels: | $95.79 for Amazon, $148.91 for Apple
|
| Buffer levels: | $81.4215 for Amazon, $126.5735 for Apple; 85% of initial level
|
| Pricing date: | Feb. 22, 2023
|
| Settlement date: | Feb. 27, 2023
|
| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
|
| Fees: | 2.425%
|
| Cusip: | 48133UET5
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
