Published on 3/15/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $812,000 capped accelerated barrier notes linked to Russell, S&P
By Kiku Steinfeld
Chicago, March 15 – JPMorgan Chase Financial Co. LLC priced $812,000 of 0% capped accelerated barrier notes due June 3, 2024 linked to the 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 at maturity will be par plus 125% of the return of the worst performing index, capped at par plus 37.5%. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped accelerated barrier notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $812,000
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Maturity: | June 3, 2024
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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 125% of worst performing index return, capped at par plus 37.5%; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial levels: | 1,836.551 for Russell, 3,957.63 for S&P
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Upside leverage: | 125%
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Cap: | 37.5%
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Barriers: | 1,285.5857 for Russell, 2,770.341 for S&P, 70% of initial level
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Pricing date: | Nov. 29, 2022
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Settlement date: | Dec. 2, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.85%
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Cusip: | 48133PKD4
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