Published on 8/15/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.62 million autocallable accelerated barrier notes on three indexes
New York, Aug. 15 – JPMorgan Chase Financial Co. LLC priced $1.62 million of 0% autocallable accelerated barrier notes due Aug. 15, 2024 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on Aug. 11, 2023 at a premium of 20% if the worst performing index closes at or above its initial value.
If the worst performing index gains, the payout will be par plus 200% of that index return.
Investors will receive par if the worst performing index declines but ends at or above its 70% barrier and will lose 1% for every 1% that the worst performing index 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 indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,617,000
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| Maturity: | Aug. 15, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 200% of worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically on Aug. 11, 2023 at a premium of 20% if the worst performing index closes at or above its initial value
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| Initial level: | 33,309.51 for Dow Jones industrial average, 13,378.32 for Nasdaq-100, 1,969.249 for Russell 2000
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| Upside leverage: | 200%
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| Downside threshold: | 23,316.657 for Dow Jones industrial average, 9,364.824 for Nasdaq-100, 1,378.4743 for Russell 2000, 70% of initial level
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| Pricing date: | Aug. 10
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| Settlement date: | Aug. 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65377%
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| Cusip: | 48133LYL0
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