Published on 7/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $905,000 autocallable accelerated barrier notes on Dow, Nasdaq, Russell
New York, July 28 – JPMorgan Chase Financial Co. LLC priced $905,000 of 0% autocallable accelerated barrier notes due July 26, 2028 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at a premium of 10.5% if the worst performing index closes at or above its initial value on July 29, 2024.
If the worst performing index gains, the payout at maturity will be par plus 205% 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $905,000
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| Maturity: | July 26, 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 205% of that index’s 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 a premium of 10.5% if the worst performing index closes at or above its initial value on July 29, 2024
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| Initial level: | 35,227.69 for Dow Jones industrial average, 15,425.67 for Nasdaq-100, 1,960.255 for Russell 2000
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| Upside leverage: | 205%
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| Downside threshold: | 24,659.383 for Dow Jones industrial average, 10,797.969 for Nasdaq-100, 1,372.1785 for Russell 2000, 70% of initial levels
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48133YHX5
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