Published on 1/16/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $583,000 uncapped accelerated barrier notes on Dow, Nasdaq, Russell
By Kiku Steinfeld
Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $583,000 of 0% uncapped accelerated barrier notes due April 26, 2028 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 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 200% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it closes below its 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.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $583,000
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| Maturity: | April 26, 2028
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 200% of worst performing index return; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
|
| Initial levels: | 33,808.96 for Dow, 13,000.77 for Nasdaq, 1,791.506 for Russell
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| Upside leverage: | 200%
|
| Cap: | None
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| Barriers: | 23,666.272 for Dow, 9,100.539 for Nasdaq, 1,254.0542 for Russell, 70% of initial level
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| Pricing date: | April 21, 2023
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| Settlement date: | April 26, 2023
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.88293%
|
| Cusip: | 48133V4Q0
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