Published on 10/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $460,000 dual directional notes linked to Dow, Russell, ETF
New York, Oct. 23 – JPMorgan Chase Financial Co. LLC priced $460,000 of 0% uncapped dual directional accelerated barrier notes due Sept. 26, 2025 linked to the Dow Jones industrial average, Russell 2000 index and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 125% of the return of the worst performing asset.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but finishes at or above the 70% barrier.
Investors will lose 1% for every 1% that the worst performing asset declines if it ends below the barrier.
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 dual directional accelerated barrier notes
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| Underlying assets: | Dow Jones industrial average, Russell 2000 index and SPDR S&P 500 ETF Trust
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| Amount: | $460,000
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| Maturity: | Sept. 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 125% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but finishes above 70% barrier; 1% loss for every 1% that worst performing asset declines if it finishes below barrier
|
| Initial levels: | 29,590.41 for Dow Jones industrial average, 1,679.590 for Russell 2000, $367.95 for SPDR S&P 500
|
| Upside leverage: | 125%
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| Cap: | None
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| Barriers: | 20,713.287 for Dow Jones industrial average, 1,175.713 for Russell 2000, $257.565 for SPDR S&P 500, 70% of initial level
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| Pricing date: | Sept. 23, 2022
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| Settlement date: | Sept. 28, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
|
| Cusip: | 48133MXN5
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