Published on 8/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.96 million autocallable accelerated barrier notes on three indexes
New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1.96 million of 0% autocallable accelerated barrier notes due Aug. 1, 2025 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Aug. 1, 2023 at a premium of 19% if the worst performing index closes at or above its initial value.
If the worst performing index gains, the payout will be par plus 200% of the worst performing index return.
Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
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: | Autocallable accelerated barrier notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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Amount: | $1,955,000
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Maturity: | Aug. 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 200% of that index return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Call: | Automatically on Aug. 1, 2023 at a premium of 19% if the worst performing index closes above 100% of its initial value
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Initial level: | 12,947.97 for Nasdaq-100, 1,885.230 for Russell 2000, 4,130.29 for S&P 500
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Upside leverage: | 200%
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Downside threshold: | 9,063.579 for Nasdaq-100, 1,319.661 for Russell 2000, 2,891.203 for S&P 500, 70% of initial level
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Pricing date: | July 29
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Settlement date: | Aug. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.63105%
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Cusip: | 48133LBU5
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