Published on 5/23/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.94 million uncapped digital accelerated barrier notes on three indexes
By William Gullotti
Buffalo, N.Y., May 23 – JPMorgan Chase Financial Co. LLC priced $1.94 million of 0% uncapped digital accelerated barrier notes due May 22, 2028 linked to the performance of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing index finishes above its 130% upside threshold, the payout at maturity will be par plus 30% plus 1.7 times the gain of that index above 30%.
If the least performing index finishes flat or gains up to its upper threshold, the payout will be par plus 30%.
If the worst performer declines but finishes at or above its 70% lower threshold, the payout will be par plus 20%.
If the worst performer declines beyond 30% but finishes at or above its 60% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped digital accelerated barrier notes
|
| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
|
| Amount: | $1,936,000
|
| Maturity: | May 22, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performer finishes above upper threshold, par plus 30% plus 1.7 times the gain of the worst performer above 30%; if worst performer finishes flat or gains up to upper threshold, par plus 30%; if worst performer declines no more than 30%, par plus 20%; if worst performer finishes below lower threshold but at or above barrier level, par; otherwise, full exposure to decline of worst performer from initial level
|
| Initial levels: | 13,589.26 for Nasdaq, 4,158.77 for S&P, 33,420.77 for Dow
|
| Upside thresholds: | 17,666.038 for Nasdaq, 5,406.401 for S&P, 43,447.001 for Dow; 130% of initial levels
|
| Lower thresholds: | 9,512.482 for Nasdaq, 2,911.139 for S&P, 23,394.539 for Dow; 70% of initial levels
|
| Barrier levels: | 8,153.556 for Nasdaq, 2,495.262 for S&P, 20,052.462 for Dow; 60% of initial levels
|
| Pricing date: | May 17
|
| Settlement date: | May 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133WYF9
|
|
|
© 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.
