Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $491,000 uncapped dual directional accelerated barrier notes on indexes
By Kiku Steinfeld
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $491,000 of 0% uncapped dual directional accelerated barrier notes due Nov. 21, 2025 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 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 133% of 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 67.5% 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 accelerated barrier notes
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
| Amount: | $491,000
|
| Maturity: | Nov. 21, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus 133% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above 67.5% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
|
| Initial levels: | 33,745.69 for Dow, 11,677.02 for Nasdaq, 1,849.732 for Russell
|
| Upside leverage: | 133%
|
| Cap: | None
|
| Barriers: | 22,778.34075 for Dow, 7,881.9885 for Nasdaq, 1,248.5691 for Russell, 67.5% of initial level
|
| Pricing date: | Nov. 18, 2022
|
| Settlement date: | Nov. 23, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5946%
|
| Cusip: | 48133PRV7
|
|
|
© 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.
