Published on 4/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $310,000 dual directional accelerated barrier notes on indexes, ETF
Chicago, April 27 – JPMorgan Chase Financial Co. LLC priced $310,000 of 0% uncapped dual directional accelerated barrier notes due May 30, 2025 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 102% of the return of the worst performing asset.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but finishes at or above the 60% barrier.
Investors will lose 1% for every 1% that the worst performing asset declines if it ends below the barrier.
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.
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| Issue: | Uncapped dual directional 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: | $310,000
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| Maturity: | May 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains par plus 102% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but finishes above 60% barrier; 1% loss for every 1% that worst performing asset declines if it finishes below barrier
|
| Initial levels: | 32,637.19 for Dow, 12,276.79 for Nasdaq, $182.72 for ETF
|
| Barrier levels: | 19,582.314 for Dow, 7,366.074 for Nasdaq, $109.632 for ETF, 60% of initial levels
|
| Upside leverage: | 102%
|
| Cap: | None
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| Pricing date: | May 26, 2022
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| Settlement date: | June 1, 2022
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.96774%
|
| Cusip: | 48133GHM8
|
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