Published on 10/20/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $336,000 accelerated barrier notes linked to Stoxx indexes
New York, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $336,000 of 0% uncapped accelerated barrier notes due Sept. 28, 2027 linked to the Euro Stoxx 50 index and Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 228% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it closes below its barrier.
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 indexes: | Euro Stoxx 50 index and Stoxx Europe 600 index
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Amount: | $336,000
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Maturity: | Sept. 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than its initial level, par plus 228% of return of worst performing index; if final level of either index is equal to or less than initial level but final level of each index is greater than or equal to barrier level, par; otherwise, 1% loss for every 1% that worst performing index declines
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Initial levels: | 3,348.60 for Euro Stoxx 50, 390.40 for Stoxx Europe 600
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Upside leverage: | 228%
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Cap: | None
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Barriers: | 2,344.02 for Euro Stoxx 50, 273.28 for Stoxx Europe 600, 70% of initial level
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Pricing date: | Sept. 23, 2022
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Settlement date: | Sept. 28, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133MB82
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