Published on 3/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.75 million autocallable accelerated barrier notes on three indexes
New York, March 24 – JPMorgan Chase Financial Co. LLC priced $2.75 million of 0% autocallable accelerated barrier notes due March 20, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on March 25, 2024 at a premium of 13.75% if the worst performing index closes at or above 95% of its initial value.
If the worst performing index gains, the payout will be par plus 170% of that index’s 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
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Autocallable accelerated barrier notes
|
Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
|
Amount: | $2,747,000
|
Maturity: | March 20, 2026
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 170% 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
|
Call: | Automatically on March 25, 2024 at a premium of 13.75% if the worst performing index closes at or above 95% of its initial value
|
Initial level: | 31,861.98 for Dow Jones industrial average, 1,725.891 for Russell 2000, 3,916.64 for S&P 500
|
Upside leverage: | 170%
|
Downside threshold: | 22,303.386 for Dow Jones industrial average, 1,208.1237 for Russell 2000, 2,741.648 for S&P 500, 70% of initial level
|
Pricing date: | March 17
|
Settlement date: | March 22
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 3%
|
|
Cusip: | 48133VAZ3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.