Published on 10/11/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.07 million uncapped accelerated barrier notes linked to Russell
New York, Oct. 11 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% uncapped accelerated barrier notes due Oct. 1, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 113.85% of the return of the index.
The payout will be par if the index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from its 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 accelerated barrier notes
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Underlying index: | Russell 2000 index
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Amount: | $1,065,000
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Maturity: | Oct. 1, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 113.85% of index return; par if index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 1,778.903
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Upside leverage: | 113.85%
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Barrier: | 1,245.2321, 70% of initial level
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Strike date: | Sept. 27
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Pricing date: | Sept. 28
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Settlement date: | Oct. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48134BML4
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