Published on 11/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $983,000 uncapped accelerated barrier notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, Nov. 1 – JPMorgan Chase Financial Co. LLC priced $983,000 of 0% uncapped accelerated barrier notes due April 6, 2026 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 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 133% 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $983,000
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Maturity: | April 6, 2026
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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 133% 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: | 13,181.35 for Nasdaq, 1,802.484 for Russell, 4,109.31 for S&P
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Upside leverage: | 133%
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Cap: | None
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Barriers: | 9,226.945 for Nasdaq, 1,261.7388 for Russell, 2,876.517 for S&P, 70% of initial level
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Pricing date: | March 31, 2023
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Settlement date: | April 5, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.54364%
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Cusip: | 48133USV5
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