Published on 4/24/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.57 million capped accelerated barrier notes linked to Dow, two ETFs
New York, April 24 – JPMorgan Chase Financial Co. LLC priced $3.57 million of 0% capped accelerated barrier notes due April 20, 2028 linked to the Dow Jones industrial average, the Technology Select Sector SPDR Fund and the iShares Russell 2000 Value 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 500% of the return of that asset, capped at par plus 81%.
The payout will be par if the worst performing asset declines but finishes at or above its 55% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset 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: | Capped accelerated barrier notes
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| Underlying assets: | Dow Jones industrial average, Technology Select Sector SPDR Fund and iShares Russell 2000 Value ETF
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| Amount: | $3,572,000
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| Maturity: | April 20, 2028
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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 500% of that asset’s return, capped at par plus 81%; par if worst performing asset declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Initial levels: | 33,886.47 for Dow Jones industrial average, $148.65 for Technology Select Sector SPDR Fund, $134.94 for iShares Russell 2000 Value ETF
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| Upside leverage: | 500%
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| Cap: | 81%
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| Barriers: | 18,637.5585 for Dow Jones industrial average, $81.7575 for Technology Select Sector SPDR Fund, $74.217 for iShares Russell 2000 Value ETF, 55% of initial level
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| Pricing date: | April 14
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| Settlement date: | April 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5035%
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| Cusip: | 48133VSA9
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