Published on 10/18/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.53 million uncapped accelerated barrier notes on three indexes
New York, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $7.53 million of 0% uncapped accelerated barrier notes due Sept. 21, 2027 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.
If the worst performing index gains, the payout at maturity will be par plus 190% of the return of that index.
The payout will be par if the worst performing index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing index declines from its initial 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: | Uncapped 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: | $7,529,000
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| Maturity: | Sept. 21, 2027
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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 190% of that index return; par if worst performing index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 30,822.42 for Dow Jones industrial average, 11,861.38 for Nasdaq-100, 1,798.189 for Russell 2000
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| Upside leverage: | 190%
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| Barriers: | 21,575.694 for Dow Jones industrial average, 8,302.966 for Nasdaq-100, 1,258.7323 for Russell 2000, 70% of initial level
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.52266%
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| Cusip: | 48133MXX3
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