Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $670,000 uncapped dual directional barrier notes on indexes, ETF
Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $670,000 of 0% uncapped dual directional barrier notes due Feb. 26, 2027 linked to the least performing of the SPDR S&P 500 ETF Trust, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlier finishes at or above the initial level, the payout at maturity will be par the return of the least performing underlier.
If no underlier falls by no more than the 35% barrier, the payout will be par plus the absolute value of the return of the worst performer.
If any underlier falls by more than 35%, investors will lose 1% for each 1% decline of the worst performer from the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional barrier notes
|
| Underlying assets: | SPDR S&P 500 ETF Trust, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $670,000
|
| Maturity: | Feb. 26, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier gains, par plus the return of least-performing underlier; if any underlier falls by no more than the 35% barrier, par plus absolute value of return of lesser-performing underlier; if any underlier falls by more than 35%, investors will lose 1% for each 1% decline of the worst performer from the initial level
|
| Initial levels: | 1,944.092 for Russell, 33,131.76 for Dow, $421.95 for fund
|
| Barrier levels: | 1,263.6598 for Russell, 21,535.644 for Dow, $274.2675 for fund, 65% of initial levels
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48133CZ70
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
