Published on 10/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $637,000 autocallable accelerated barrier notes on indexes
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $637,000 of 0% autocallable accelerated barrier notes due Oct. 3, 2025 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.
The notes will be called automatically on Oct. 3, 2023 at a premium of 17% if the worst performing index closes above its initial value.
If the worst performing index gains the payout will be par plus 200% 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 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $637,000
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| Maturity: | Oct. 3, 2025
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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 200% 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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| Call: | Automatically on Oct. 3, 2023 at a premium of 17% if the worst performing index closes above its initial value
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| Initial level: | 10,971.22 for Nasdaq, 1,664.716 for Russell, 3,585.62 for S&P
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| Downside threshold: | 7,679.854 for Nasdaq, 1,165.3012 for Russell, 2,509.934 for S&P, 70% of initial levels
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| Upside leverage: | 200%
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| Pricing date: | Sept. 30, 2022
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| Settlement date: | Oct. 5, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6146%
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| Cusip: | 48133M5X4
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