Published on 6/29/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.77 million uncapped accelerated barrier notes on three indexes
New York, June 29 – JPMorgan Chase Financial Co. LLC priced $2.77 million of 0% uncapped accelerated barrier notes due Dec. 29, 2025 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.
If the worst performing index gains, the payout at maturity will be par plus 154% of the return of that index.
The payout will be par if the worst performing index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped accelerated barrier notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $2,767,000
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Maturity: | Dec. 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 154% of that index’s return; par if worst performing index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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Initial levels: | 33,727.43 for Dow Jones industrial average, 1,821.635 for Russell 2000, 4,348.33 for S&P 500
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Upside leverage: | 154%
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Barriers: | 23,609.201 for Dow Jones industrial average, 1,275.1445 for Russell 2000, 3,043.831 for S&P 500, 70% of initial level
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Pricing date: | June 23
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Settlement date: | June 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.79062%
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Cusip: | 48133XWN2
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