Published on 8/18/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.85 million autocallable accelerated barrier notes on index, ETF
New York, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $3.85 million of 0% autocallable accelerated barrier notes due Aug. 14, 2026 linked to the Russell 2000 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Aug. 14, 2024 at a premium of 12.65% if the worst performing asset closes at or above its initial value.
If the worst performing asset gains, the payout at maturity will be par plus 300% of that asset’s return.
Investors will receive par if the worst performing asset declines but ends at or above its 70% barrier and 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable accelerated barrier notes
|
| Underlying assets: | Russell 2000 index and iShares MSCI EAFE ETF
|
| Amount: | $3,848,000
|
| Maturity: | Aug. 14, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset finishes at or above its initial value, par plus 300% of that asset’s return; if worst performing asset declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
|
| Call: | Automatically on Aug. 14, 2024 at a premium of 12.65% if the worst performing asset closes at or above its initial value
|
| Initial levels: | 1,925.114 for Russell 2000, $72.13 for iShares MSCI EAFE ETF
|
| Upside leverage: | 300%
|
| Downside thresholds: | 1,347.5798 for Russell 2000, $50.491 for iShares MSCI EAFE ETF, 70% of initial levels
|
| Pricing date: | Aug. 11
|
| Settlement date: | Aug. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133YRP1
|
|
|
|
|
© 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.
