Published on 2/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.55 million uncapped dual directional accelerated barrier notes
New York, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $2.55 million of 0% uncapped dual directional accelerated barrier notes due Jan. 3, 2028 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 165% 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 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 dual directional 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: | $2,547,000
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| Maturity: | Jan. 3, 2028
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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 165% of that index 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: | 33,220.80 for Dow Jones industrial average, 10,951.05 for Nasdaq-100, 1,766.250 for Russell 2000
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| Upside leverage: | 165%
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| Barriers: | 23,254.56 for Dow Jones industrial average, 7,665.735 for Nasdaq-100, 1,236.375 for Russell 2000, 70% of initial level
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133THF5
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