Published on 6/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $125,000 autocallable accelerated barrier notes linked to SPDR funds
New York, June 28 – JPMorgan Chase Financial Co. LLC priced $125,000 of 0% autocallable accelerated barrier notes due July 31, 2025 linked to the Energy Select Sector SPDR Fund and Financial Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains the payout will be par plus 150% of the worst performing ETF return. Investors will receive par if the worst performing ETF declines but ends at or above its 60% barrier and they will lose 1% for every 1% that the worst performing ETF declines if it finishes below the barrier level.
The notes will be called automatically on July 27, 2023 at a premium of 26.25% if the worst performing ETF closes above 100% of its initial value.
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 accelerated barrier notes
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| Underlying ETFs: | Energy Select Sector SPDR Fund and Financial Select Sector SPDR Fund
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| Amount: | $125,000
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| Maturity: | July 31, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its initial value, par plus 150% of worst performing ETF return; if worst performing ETF declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing ETF declines if it finishes below its downside threshold level
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| Initial level: | $73.09 for Energy Select Sector SPDR Fund, $32.50 for Financial Select Sector SPDR Fund
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| Upside leverage: | 150%
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| Downside threshold: | $43.854 for Energy Select Sector SPDR Fund, $19.50 for Financial Select Sector SPDR Fund, 60% of initial level
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| Call: | Automatically on July 27, 2023 at a premium of 26.25% if the worst performing ETF closes above 100% of its initial value
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48133LFN7
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