Published on 2/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.5 million uncapped accelerated barrier notes on three stocks
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% uncapped accelerated barrier notes due Nov. 2, 2023 linked to the stock performance of YETI Holdings, Inc., Ford Motor Co. and Norwegian Cruise Line Holdings Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 4.3 times the return of the lowest performing stock.
If the worst performer declines but finishes at or above the 85% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
The agent is J.P. Morgan Securities LLC.
| 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 stocks: | YETI Holdings, Inc., Ford Motor Co., Norwegian Cruise Line Holdings Ltd.
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| Amount: | $2,500,000
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| Maturity: | Nov. 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its initial level, par plus 4.3 times the return of the least performing stock; if worst performer declines but finishes at or above barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
|
| Initial levels: | $51.29 for YETI, $14.62 for Ford, $20.62 for Norwegian
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| Barrier levels: | $43.5965 for YETI, $12.427 for Ford, $17.527 for Norwegian; 85% of initial levels
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| Strike date: | April 28, 2022
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| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.3%
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| Cusip: | 48133F4C6
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