Published on 8/21/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $453,000 uncapped dual directional buffered notes on S&P, Nasdaq
Chicago, Aug. 21 – JPMorgan Chase Financial Co. LLC priced $453,000 of 0% uncapped dual directional buffered equity notes due Feb. 1, 2024 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of the laggard index is positive, the payout at maturity will be par plus the laggard index gain.
If the laggard index falls by up to 10%, the payout will be par plus the absolute value of its return.
Otherwise, investors will be exposed to any losses of the laggard index beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional buffered equity notes
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| Underlying indexes: | S&P 500 index and Nasdaq-100 index
|
| Amount: | $453,000
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| Maturity: | Feb. 1, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of laggard index; if laggard index falls by up to 10%, par plus the absolute value of its return; otherwise, exposure to losses of laggard index beyond buffer
|
| Initial values: | 4,130.29 for S&P, 12,947.97 for Nasdaq
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | July 29, 2022
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| Settlement date: | Aug. 3, 2022
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.41766%
|
| Cusip: | 48133LGW6
|
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