Published on 5/12/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $940,000 uncapped accelerated barrier notes on indexes, ETF
Chicago, May 12 – JPMorgan Chase Financial Co. LLC priced $940,000 of 0% uncapped accelerated barrier notes due June 23, 2027 linked to the least performing of the Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 165% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 60% barrier. Investors will lose 1% for every 1% that the worst performing asset 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 assets: | Nasdaq-100 index, S&P 500 index and iShares Russell 2000 Value ETF
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Amount: | $940,000
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Maturity: | June 23, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains par plus 165% of worst performing asset return; par if worst performing asset declines but finishes above its downside barrier; 1% loss for every 1% that worst performing asset declines if it finishes below its downside barrier
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Initial levels: | 11,265.99 for Nasdaq, 3,674.84 for S&P, $134.84 for ETF
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Barriers: | 6,759.594 for Nasdaq, 2,204.904 for S&P, $80.904 for ETF, 60% of initial levels
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Upside leverage: | 165%
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Cap: | None
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Pricing date: | June 17, 2022
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Settlement date: | June 23, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.9754%
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Cusip: | 48133G5V1
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