Published on 2/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million autocallable accelerated barrier notes on three indexes
New York, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% autocallable accelerated barrier notes due Jan. 29, 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.
The notes will be called automatically at par plus a 19% call premium if the worst performing index closes at or above its initial value on Jan. 29, 2024.
If the worst performing index gains, the payout will be par plus 150% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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: | Autocallable 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: | $1,015,000
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Maturity: | Jan. 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 150% of that index return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call: | Automatically at par plus a 19% call premium if the worst performing index closes at or above its initial value on Jan. 29, 2024
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Initial level: | 12,051.48 for Nasdaq-100, 1,903.064 for Russell 2000, 4,060.43 for S&P 500
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Upside leverage: | 150%
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Downside threshold: | 8,436.036 for Nasdaq-100, 1,332.1448 for Russell 2000, 2,842.301 for S&P 500, 70% of initial level
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Pricing date: | Jan. 26
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Settlement date: | Jan. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48133TNL5
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