Published on 3/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $904,000 uncapped accelerated barrier notes on indexes, ETF
Chicago, March 3 – JPMorgan Chase Financial Co. LLC priced $904,000 of 0% uncapped accelerated barrier notes due May 17, 2027 linked to the least performing of the Nasdaq-100 index, Russell 2000 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 169% 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying assets: | Nasdaq-100 index, Russell 2000 index and iShares Russell 2000 Value ETF
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| Amount: | $904,000
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| Maturity: | May 17, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 169% 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
|
| Initial levels: | 11,945.50 for Nasdaq, 1,739.382 for Russell, $141.57 for ETF
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| Barriers: | 7,167.30 for Nasdaq, 1,043.6292 for Russell, $84.942 for ETF, 60% of initial levels
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| Upside leverage: | 169%
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| Cap: | None
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| Pricing date: | May 12, 2022
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| Settlement date: | May 17, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.53457%
|
| Cusip: | 48133GAX1
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