Published on 12/9/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 autocallable accelerated barrier notes on indexes
Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% autocallable accelerated barrier notes due Nov. 2, 2027 linked to the S&P 500 Value index and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Oct. 31, 2023 at a premium of 13% if the worst performing asset closes above its initial value.
If the worst performing asset gains the payout will be par plus 300% of the worst performing asset return. Investors will receive par if the worst performing asset declines but ends at or above its 80% barrier and they will lose 1% for every 1% that the worst performing asset declines if it finishes below the barrier 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: | Autocallable accelerated barrier notes
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| Underlying assets: | S&P 500 Value index and iShares Russell 2000 Value ETF
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| Amount: | $500,000
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| Maturity: | Nov. 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus 300% of worst performing asset return; if worst performing asset declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing asset declines if it finishes below its downside threshold level
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| Call: | Automatically on Oct. 31, 2023 at a premium of 13% if the worst performing asset closes above its initial value
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| Initial level: | 1,389.65 for Value, $145.11 for Russell ETF
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| Downside threshold: | 1,111.72 for Value, $116.088 for Russell ETF, 80% of initial levels
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| Upside leverage: | 300%
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| Pricing date: | Oct. 28, 2022
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| Settlement date: | Nov. 2, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48133PGD9
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