Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.7 million uncapped accelerated barrier notes on MerQube index
New York, May 30 – JPMorgan Chase Financial Co. LLC priced $1.7 million of 0% uncapped accelerated barrier notes due May 25, 2028 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 305% of the return of the index.
The payout will be par if the index declines but finishes at or above its 50% barrier. Investors will lose 1% for every 1% that the index declines from initial 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: | Uncapped accelerated barrier notes
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Underlying index: | MerQube US Tech+ Vol Advantage index
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Amount: | $1,695,000
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Maturity: | May 25, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 305% of index return; par if index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 7,510.30
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Upside leverage: | 305%
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Barrier: | 3,755.15, 50% of initial level
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Pricing date: | May 22
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Settlement date: | May 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WJJ8
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