Published on 4/15/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $535,000 uncapped dual directional accelerated barrier notes on indexes
Chicago, April 15 – JPMorgan Chase Financial Co. LLC priced $535,000 of 0% uncapped dual directional accelerated barrier notes due Jan. 22, 2027 linked to the least performing of 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 139.3% 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 67.5% 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.
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| Issue: | Uncapped dual directional 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: | $535,000
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| Maturity: | Jan. 22, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 139.3% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above 67.5% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
|
| Initial levels: | 37,468.61 for Dow, 16,982.29 for Nasdaq, 1,923.653 for Russell
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| Barrier levels: | 25,291.31175 for Dow, 11,463.04575 for Nasdaq, 1,298.46578 for Russell, 67.5% of initial levels
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| Upside leverage: | 139.3%
|
| Cap: | None
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| Pricing date: | Jan. 18
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| Settlement date: | Jan. 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.88271%
|
| Cusip: | 48134TVE1
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