Published on 11/28/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.22 million uncapped dual directional accelerated barrier notes
New York, Nov. 28 – JPMorgan Chase Financial Co. LLC priced $2.22 million of 0% uncapped dual directional accelerated barrier notes due Nov. 5, 2025 linked to the Dow Jones industrial average and the Nasdaq-100 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 117.5% of the return of that index.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above the 70% barrier.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines from 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 dual directional accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $2,218,000
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| Maturity: | Nov. 5, 2025
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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 117.5% of that index’s return; par plus absolute value of worst performing index return if worst performing index declines but finishes at or above 70% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial levels: | 32,732.95 for Dow Jones industrial average, 11,405.57 for Nasdaq-100
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| Upside leverage: | 117.5%
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| Barriers: | 22,913.065 for Dow Jones industrial average, 7,983.899 for Nasdaq-100, 70% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.10708%
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| Cusip: | 48133NTB4
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