Published on 8/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.73 million uncapped accelerated barrier notes on indexes
Chicago, Aug. 3 – JPMorgan Chase Financial Co. LLC priced $1.73 million of 0% uncapped accelerated barrier notes due July 31, 2028 linked to the lesser performing of the Euro Stoxx 50 index and Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 195% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index 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 indexes: | Euro Stoxx 50 index and STOXX Europe 600 index
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Amount: | $1,725,000
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Maturity: | July 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 195% of worst performing index return; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial levels: | 4,346.15 for Stoxx 50, 465.46 for Stoxx 600
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Barrier levels: | 3,042.305 for Stoxx 50, 325.822 for Stoxx 600, 70% of initial levels
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Upside leverage: | 195%
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Cap: | None
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.00072%
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Cusip: | 48133XV94
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