Published on 1/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.11 million autocallable barrier notes linked to Nasdaq, Russell, S&P
New York, Jan. 23 – JPMorgan Chase Financial Co. LLC priced $1.11 million of 0% autocallable barrier notes due Jan. 21, 2028 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus a premium of 9.2% per year if the worst performing index closes at or above its initial value on any semiannual determination date starting Jan. 19, 2024.
If the worst performing index gains, the payout will be par plus that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 60% barrier and will lose 1% for every 1% that the worst performing index 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,105,000
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| Maturity: | Jan. 21, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus that index return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically at par plus a premium of 9.2% per year if the worst performing index closes at or above its initial value on any semiannual determination date starting Jan. 19, 2024
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| Initial levels: | 11,410.29 for Nasdaq-100, 1,854.365 for Russell 2000, 3,928.86 for S&P 500
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| Downside thresholds: | 6,846.174 for Nasdaq-100, 1,112.619 for Russell 2000, 2,357.316 for S&P 500, 60% of initial levels
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133TVW2
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