Published on 4/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $910,000 uncapped dual directional barrier notes on indexes
Chicago, April 24 – JPMorgan Chase Financial Co. LLC priced $910,000 of 0% uncapped dual directional barrier notes due May 29, 2024 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, 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 the return of the worst performing index.
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 69% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional barrier notes
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
|
| Amount: | $910,000
|
| Maturity: | May 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above 69% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
|
| Initial levels: | 12,034.28 for Nasdaq, 1,792.762 for Russell, 3,973.75 for S&P
|
| Barrier levels: | 8,303.6532 for Nasdaq, 1,237.00578 for Russell, 2,741.8875 for S&P, 69% of initial levels
|
| Upside leverage: | 100%
|
| Cap: | None
|
| Pricing date: | May 23, 2022
|
| Settlement date: | May 26, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.9445%
|
| Cusip: | 48133GKS1
|
|
|
© 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.
