Published on 5/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.25 million uncapped dual directional digital barrier notes on indexes
New York, May 30 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% uncapped dual directional digital barrier notes due May 25, 2028 linked to the Dow Jones industrial average, 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 that index’s return and the 43% 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 65% barrier.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial 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: | Uncapped dual directional digital barrier notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $1,247,000
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| Maturity: | May 25, 2028
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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 greater of that index return and 43%; if worst performing index declines but finishes at or above 65% barrier, par plus absolute value of that index return; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 33,286.58 for Dow Jones industrial average, 1,795.383 for Russell 2000, 4,192.63 for S&P 500
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| Barriers: | 21,636.277 for Dow Jones industrial average, 1,166.99895 for Russell 2000, 2,725.2095 for S&P 500, 65% of initial level
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| Pricing date: | May 22
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| Settlement date: | May 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48133WQR2
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