Published on 11/3/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $677,000 uncapped accelerated barrier notes on ETF, Dow
Chicago, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $677,000 of 0% uncapped accelerated barrier notes due March 4, 2027 linked to the lesser performing of the ARK Innovation ETF and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 224.3% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 60% barrier. Investors will lose 1% for every 1% that the worst performing asset 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 assets: | ARK Innovation ETF and Dow Jones industrial average
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Amount: | $677,000
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Maturity: | March 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains par plus 224.3% of worst performing asset return; par if worst performing asset declines but finishes above its downside barrier; 1% loss for every 1% that worst performing asset declines if it finishes below its downside barrier
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Initial levels: | $68.31 for ETF, 33,294.95 for index
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Upside leverage: | 224.3%
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Cap: | None
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Barrier levels: | $40.986 for ETF, 19,976.97 for index, 60% of initial levels
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Pricing date: | March 1
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Settlement date: | March 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.50554%
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Cusip: | 48133DFZ8
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