Chicago, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% autocallable accelerated barrier notes due May 29, 2026 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on either annual review date at an annualized premium of 26% if the ETF closes above its initial value.
If the ETF gains the payout will be par plus 150% of the ETF return. Investors will receive par if the ETF declines but ends at or above its 60% barrier and they will lose 1% for every 1% that the ETF 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable accelerated barrier notes
|
| Underlying ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $250,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above its initial value, par plus 150% of ETF return; if ETF declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that ETF declines if it finishes below its downside threshold level
|
| Call: | Automatically on either annual review date at annualized premium of 26% if the ETF closes above its initial value
|
| Initial level: | $40.29
|
| Downside threshold: | $24.174, 60% of initial level
|
| Upside leverage: | 150%
|
| Pricing date: | May 26, 2023
|
| Settlement date: | June 1, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48133WVE5
|
|
|
© 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.
