Published on 9/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $265,000 0% capped dual directional barrier notes on indexes
By Kiku Steinfeld
Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $265,000 of 0% capped dual directional barrier notes due Sept. 12, 2024 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return capped at par plus 21.6%.
The payout will be par plus 100% of the absolute value of the worst performing index return if the worst performing index declines but ends above the 70% barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier.
The securities are non-callable.
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: | Capped dual directional barrier notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $265,000
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Maturity: | Sept. 12, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus worst performing index return capped at par plus 21.6%; par plus 100% of absolute value of worst performing index return if worst performing index declines but ands above 70% barrier; 1% loss for every 1% that worst performing index declines if it ends below the barrier
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Call: | Non-callable
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Initial levels: | 12,215.33 for Nasdaq, 1,879.478 for Russell, 3,992.01 for S&P
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Cap: | 21.6%
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Barriers: | 8,550.731 for Nasdaq, 1,315.6346 for Russell, 2,794.407 for S&P, 70% of initial level
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Pricing date: | March 8, 2023
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Settlement date: | March 13, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.225%
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Cusip: | 48133UXH0
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