Published on 1/26/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.86 million capped dual directional accelerated barrier notes on indexes
By William Gullotti
Buffalo, N.Y., Jan. 26 – JPMorgan Chase Financial Co. LLC priced $1.86 million of 0% capped dual directional accelerated barrier notes due July 25, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes flat or positive, the payout at maturity will be par plus 200% of the gain of the worst performing index, subject to a maximum return of par plus 20.65%.
If the worst performing index declines by up to 30%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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| Amount: | $1,857,000
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| Maturity: | July 25, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes flat or positive, par plus 200% of index gain of worst performer, capped at par plus 20.65%; if worst performing index declines by up to 30%, par plus absolute value of the return of that index; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Initial index levels: | 1,867.336 for Russell, 3,972.61 for S&P, 11,619.03 for Nasdaq
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| Barrier levels: | 1,307.1352 for Russell, 2,780.827 for S&P, 8,133.321 for Nasdaq; 70% of initial levels
|
| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.53114%
|
| Cusip: | 48133TUZ6
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