Published on 4/3/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.49 million uncapped dual directional accelerated notes on S&P, Dow
New York, April 3 – JPMorgan Chase Financial Co. LLC priced $2.49 million of 0% uncapped dual directional accelerated barrier notes due March 27, 2026 linked to the Dow Jones industrial average and the S&P 500 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 105% 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 69% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional accelerated barrier notes
|
| Underlying indexes: | Dow Jones industrial average and S&P 500 index
|
| Amount: | $2,487,000
|
| Maturity: | March 27, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus 105% of that index return; par plus absolute value of worst performing index return if worst performing index declines but finishes at or above 69% barrier; otherwise, 1% loss for every 1% that worst performing index declines from initial level
|
| Initial levels: | 32,237.53 for Dow Jones industrial average, 3,970.99 for S&P 500
|
| Upside leverage: | 105%
|
| Barriers: | 22,243.8957 for Dow Jones industrial average, 2,739.9831 for S&P 500, 69% of initial level
|
| Pricing date: | March 24
|
| Settlement date: | March 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
|
|
| Cusip: | 48133VAA8
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
