Published on 7/28/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.62 million autocallable accelerated barrier notes tied to Dow, Nasdaq, S&P
New York, July 28 – JPMorgan Chase Financial Co. LLC priced $3.62 million of 0% autocallable accelerated barrier notes due July 26, 2027 linked to the Dow Jones industrial average, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 175% of the worst performing index return. Investors will receive par if the worst performing index declines but ends at or above its 60% barrier and they will lose 1% for every 1% that the worst performing index declines if it finishes below the barrier level.
The notes will be called automatically on July 29, 2024 at a premium of 14% if the worst performing index closes above 100% of its initial value.
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, Nasdaq-100 index and S&P 500 index
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| Amount: | $3,617,000
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| Maturity: | July 26, 2027
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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 175% of worst performing index return; if worst performing index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Initial level: | 35,227.69 for Dow Jones industrial average, 15,425.67 for Nasdaq-100, 4,536.34 for S&P 500
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| Upside leverage: | 175%
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| Downside threshold: | 21,136.614 for Dow Jones industrial average, 9,255.402 for Nasdaq-100, 2,721.804 for S&P 500, 60% of initial level
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| Call: | Automatically on July 29, 2024 at a premium of 14% if the worst performing index closes above 100% of its initial value
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5065%
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| Cusip: | 48133YHN7
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