Published on 11/2/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $818,000 dual directional accelerated barrier notes on indexes
By Kiku Steinfeld
Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $818,000 of 0% uncapped dual directional accelerated barrier notes due April 5, 2028 linked to the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 143% of the return of the worst performing index.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above the 70% barrier.
Investors will lose 1% for every 1% that the worst performing index 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional accelerated barrier notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $818,000
|
| Maturity: | April 5, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus 143% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above 70% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
|
| Initial levels: | 13,181.35 for Nasdaq, 1,802.484 for Russell, 4,109.31 for S&P
|
| Upside leverage: | 143%
|
| Cap: | None
|
| Barriers: | 9,226.945 for Nasdaq, 1,261.7388 for Russell, 2,876.517 for S&P, 70% of initial level
|
| Pricing date: | March 31, 2023
|
| Settlement date: | April 5, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.50688%
|
| Cusip: | 48133UTG7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
