Published on 8/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $690,000 0% uncapped dual directional digital barrier notes on indexes
Chicago, Aug. 30 – JPMorgan Chase Financial Co. LLC priced $690,000 of 0% uncapped dual directional digital barrier notes due Aug. 29, 2024 linked to the least performing of 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 22% 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: | $690,000
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| Maturity: | Aug. 29, 2024
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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 worst performing index return and 22%; par plus the absolute value of the worst performing index return 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
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| Call: | Non-callable
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| Digital payment: | 22%
|
| Cap: | None
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| Initial levels: | 12,917.86 for Nasdaq, 1,935.286 for Russell, 4,140.77 for S&P
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| Barriers: | 9,688.395 for Nasdaq, 1,451.4645 for Russell, 3,105.5775 for S&P, 75% of initial levels
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| Pricing date: | Aug. 24, 2022
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| Settlement date: | Aug. 29, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133MLR9
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