Published on 4/17/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $590,000 uncapped accelerated barrier notes on indexes, ETF
Chicago, April 17 – JPMorgan Chase Financial Co. LLC priced $590,000 of 0% uncapped accelerated barrier notes due May 25, 2027 linked to the least performing of the Dow Jones industrial average, Nasdaq-100 index and iShares Russell 2000 ETF, 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 175.1% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 70% 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: | Dow Jones industrial average, Nasdaq-100 index and iShares Russell 2000 ETF
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| Amount: | $590,000
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| Maturity: | May 25, 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 175.1% 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
|
| Initial levels: | 31,261.90 for Dow, 11,835.62 for Nasdaq, $176.08 for Russell ETF
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| Barriers: | 21,883.33 for Dow, 8,284.934 for Nasdaq, $123.256 for Russell ETF, 70% of initial levels
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| Upside leverage: | 175.1%
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| Cap: | None
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| Pricing date: | May 20, 2022
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| Settlement date: | May 25, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48133GDG5
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