Published on 9/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.09 million autocallable accelerated barrier notes linked to indexes
New York, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% autocallable accelerated barrier notes due Sept. 5, 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.
If the worst performing index gains the payout will be par plus 170% of the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and they will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
The notes will be called automatically on Sept. 9, 2024 at a premium of 15% if the worst performing index closes above 100% of its initial value.
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: | $1,086,000
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| Maturity: | Sept. 5, 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 170% of worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Initial level: | 34,890.24 for Dow Jones industrial average, 15,462.43 for Nasdaq-100, 1,903.213 for Russell 2000
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| Upside leverage: | 170%
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| Downside threshold: | 24,423.168 for Dow Jones industrial average, 10,823.701 for Nasdaq-100, 1,332.2491 for Russell 2000, 70% of initial level
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| Call: | Automatically on Sept. 9, 2024 at a premium of 15% if the worst performing index closes above 100% of its initial value
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| Pricing date: | Aug. 30
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| Settlement date: | Sept. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48134ABA2
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