Published on 7/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $525,000 uncapped accelerated barrier notes linked to MerQube US Tech+
New York, July 28 – JPMorgan Chase Financial Co. LLC priced $525,000 of 0% uncapped accelerated barrier notes due July 24, 2026 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 200% of the return of the index. The payout will be par if the index declines but finishes above its 62% barrier. Investors will lose 1% for every 1% that the index declines if it closes below its 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 accelerated barrier notes
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Underlying index: | MerQube US Tech+ Vol Advantage index
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Amount: | $525,000
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Maturity: | July 24, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 200% of index return; par if index declines but finishes above its downside barrier; 1% loss for every 1% that index declines if it finishes below its downside barrier
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Initial level: | 8,863.54
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Upside leverage: | 200%
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Cap: | None
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Barrier: | 5,495.3948, 62% of initial level
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Pricing date: | July 21
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Settlement date: | July 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 5%
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Cusip: | 48133YHF4
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