Published on 7/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.09 million autocallable accelerated barrier notes on Dow, Nasdaq
New York, July 7 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% autocallable accelerated barrier notes due July 2, 2026 linked to the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically on July 2, 2024 at a premium of 10% if the worst performing index closes at or above its initial value.
If the worst performing index gains, the payout will be par plus 240% of that index’s return.
Investors will receive par if the worst performing index declines but ends at or above its 75% barrier and will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier 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: | Autocallable accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $1.09 million
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| Maturity: | July 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial value, par plus 240% of that index return; if worst performing index declines but finishes at or above its downside threshold level, par; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Call: | Automatically on July 2, 2024 at a premium of 10% if the worst performing index closes at or above its initial value
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| Initial level: | 34,122.42 for Dow Jones industrial average, 14,939.95 for Nasdaq-100
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| Upside leverage: | 240%
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| Downside threshold: | 25,591.815 for Dow Jones industrial average, 11,204.9625 for Nasdaq-100, 75% of initial level
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| Pricing date: | June 29
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| Settlement date: | July 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133XSE7
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