Published on 3/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $945,000 dual directional digital barrier notes on Nasdaq, Russell, S&P
By Kiku Steinfeld
Chicago, March 6 – JPMorgan Chase Financial Co. LLC priced $945,000 of 0% uncapped dual directional digital barrier notes due Nov. 27, 2024 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 will be par plus the greater of the worst performing index return and the 27.35% digital payment.
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 its 75% barrier.
Investors will lose 1% for every 1% that the worst performing index declines if it ends below its barrier.
The securities are non-callable.
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 dual directional digital barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $945,000
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| Maturity: | Nov. 27, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus greater of worst performing index return and 27.35%; par if worst performing index declines but finishes above 75% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
|
| Digital payment: | 27.35%
|
| Cap: | None
|
| Initial levels: | 11,724.84 for Nasdaq, 1,860.441 for Russell, 4,003.58 for S&P
|
| Barriers: | 8,793.63 for Nasdaq, 1,395.33075 for Russell, 3,002.685 for S&P, 75% of initial level
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| Call: | Non-callable
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| Pricing date: | Nov. 22, 2022
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| Settlement date: | Nov. 28, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48133PVM2
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