Published on 5/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 capped accelerated barrier notes linked to Russell
Chicago, May 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped accelerated barrier notes due Jan. 3, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 250% of the return of the index capped at par plus 42%. The payout will be par if the index declines but finishes above its 75% barrier. Investors will lose 1% for every 1% that the 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 index: | Russell 2000 index
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Amount: | $500,000
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Maturity: | Jan. 3, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 250% of index return capped at par plus 42%; par if index declines but finishes above its downside barrier; 1% loss for every 1% that index declines if it finishes below its downside barrier
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Initial level: | 1,738.841
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Barrier: | 1,304.13075, 75% of initial level
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Upside leverage: | 250%
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Cap: | 42%
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Pricing date: | June 28, 2022
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Settlement date: | July 1, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.7%
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Cusip: | 48133GQ63
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