Published on 7/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million uncapped dual directional accelerated barrier notes
New York, July 21 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% uncapped dual directional accelerated barrier notes due July 6, 2026 linked to the Nasdaq-100 index, the Russell 2000 index and the 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 139.2% of the return of that index.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above the 70% barrier.
Otherwise, investors will lose 1% for every 1% that the worst performing 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 dual directional 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: | $1.5 million
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Maturity: | July 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 139.2% of that index’s return; par plus absolute value of worst performing index return if worst performing index declines but finishes at or above 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 15,179.21 for Nasdaq-100, 1,888.734 for Russell 2000, 4,450.38 for S&P 500
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Upside leverage: | 139.2%
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Barriers: | 10,625.447 for Nasdaq-100, 1,322.1138 for Russell 2000, 3,115.266 for S&P 500, 70% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133XWL6
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