Published on 11/20/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $290,000 capped dual directional accelerated barrier notes on S&P, Dow
By Kiku Steinfeld
Chicago, Nov. 21 – JPMorgan Chase Financial Co. LLC priced $290,000 of 0% capped dual directional accelerated barrier notes due Sept. 21, 2023 linked to the S&P 500 index and Dow Jones industrial average, 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 1.5 times the return of the worst performing index, capped at 20.5%.
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 80% 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional accelerated barrier notes
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| Underlying indexes: | S&P 500 index and Dow Jones industrial average
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| Amount: | $290,000
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| Maturity: | Sept. 21, 2023
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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 1.5 times the return of the worst performing index, capped at 20.5%; par plus absolute value of worst performing index return if worst performing index declines but finishes above 80% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
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| Initial levels: | 34,754.93 for Dow, 4,463.12 for S&P
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| Upside leverage: | 150%
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| Cap: | 20.5%
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| Barriers: | 27,803.944 for Dow, 3,570.496 for S&P, 80% of initial level
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.7%
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| Cusip: | 48133DZN3
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