Published on 2/22/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.31 million capped dual directional barrier notes on three indexes
Chicago, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.31 million of 0% capped dual directional barrier notes due May 8, 2023 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all indexes finish at or above their initial levels, the payout at maturity will be par plus the gain of the least performing index, subject to a maximum payout of par plus 21%.
If any index falls but each index finishes at or above 75% of its initial level, the payout will be par plus the absolute value of the least performing index 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional barrier notes
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index, S&P 500 index
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| Amount: | $1,306,000
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| Maturity: | May 8, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all indexes finish at or above initial level, par plus return of worst performer capped at 21%; if any index declines but none finish below barrier level, par plus the absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer from initial level
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| Initial index levels: | 13,089.90 for Nasdaq, 1,898.857 for Russell, 4,175.48 for S&P
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| Barrier levels: | 9,817.425 for Nasdaq, 1,424.14275 for Russell, 3,131.61 for S&P; 75% of initial levels
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| Pricing date: | May 3, 2022
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| Settlement date: | May 6, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133F3U7
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