Published on 10/13/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $726,000 uncapped accelerated barrier notes on index, ETF basket
Chicago, Oct. 13 – JPMorgan Chase Financial Co. LLC priced $726,000 of 0% uncapped accelerated barrier notes due Oct. 5, 2027 linked to an unequally weighted basket of indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 30% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI EAFE ETF with a 10% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.365 times the return.
If the basket declines but finishes at or above the 65% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
The agent is J.P. Morgan Securities LLC.
| 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 basket: | S&P 500 index (40% weight), Russell 2000 index (30% weight), Euro Stoxx 50 index (20% weight) and iShares MSCI EAFE ETF (10% weight)
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| Amount: | $726,000
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| Maturity: | Oct. 5, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes at or above its initial level, par plus 1.365 times the return of the basket; if the basket declines no farther than the barrier level, par; otherwise, investors will be fully exposed to the decline of the basket from its initial level
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| Initial levels: | 3,585.62 for S&P, 1,664.716 for Russell, 3,318.20 for Stoxx, $56.01 for ETF
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| Barrier level: | 65% of initial level
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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: | 1.125%
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| Cusip: | 48133NSC3
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