Published on 10/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $250,000 capped dual directional accelerated barrier notes on indexes
By Kiku Steinfeld
Chicago, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped dual directional accelerated barrier notes due March 25, 2025 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes flat or positive, the payout at maturity will be par plus 200% of the gain of the worst performing index, subject to a maximum return of par plus 35.5%.
If the worst performing index declines by up to 25%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
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 dual directional accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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| Amount: | $250,000
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| Maturity: | March 25, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes flat or positive, par plus 200% of index gain of worst performer, capped at par plus 35.5%; if worst performing index declines by up to 25%, par plus absolute value of the return of that index; otherwise, 1% loss for each 1% decline of worst performer from initial level
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| Initial index levels: | 12,562.61 for Nasdaq, 1,744.990 for Russell
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| Barrier levels: | 9,421.9575 for Nasdaq, 1,308.7425 for Russell, 75% of initial levels
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| Pricing date: | March 20, 2023
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| Settlement date: | March 23, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133VBN9
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