Published on 12/19/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $677,000 uncapped dual directional accelerated barrier notes on indexes
By Kiku Steinfeld
Chicago, Dec. 19 – JPMorgan Chase Financial Co. LLC priced $677,000 of 0% uncapped dual directional accelerated barrier notes due April 26, 2028 linked to the Dow Jones industrial average, 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 140% of the return of the worst performing index.
The payout will be par plus 50% of the absolute value of the worst performing index return if the worst performing index declines but finishes at or above the 60% 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional 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: | $677,000
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| Maturity: | April 26, 2028
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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 140% of worst performing index return; par plus 50% of absolute value of worst performing index return if worst performing index declines but finishes above 60% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
|
| Initial levels: | 33,808.96 for Dow, 1,791.506 for Russell, 4,133.52 for S&P
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| Upside leverage: | 140%
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| Downside leverage: | 50%
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| Cap: | None
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| Barriers: | 20,285.376 for Dow, 1,074.9036 for Russell, 2,480.112 for S&P, 60% of initial level
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| Pricing date: | April 21, 2023
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| Settlement date: | April 26, 2023
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
|
| Cusip: | 48133VE48
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