Published on 10/2/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $779,000 uncapped dual directional accelerated barrier notes on indexes
Chicago, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $779,000 of 0% uncapped dual directional accelerated barrier notes due Oct. 2, 2025 linked to the least performing of the Dow Jones industrial average, Russell 2000 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 at maturity will be par plus 108% of the return of the worst performing index.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but finishes at or above the 70% barrier.
Investors will lose 1% for every 1% that the worst performing index 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional accelerated barrier notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $779,000
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Maturity: | Oct. 2, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 108% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but finishes above 70% barrier; 1% loss for every 1% that worst performing index declines if it finishes below barrier
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Initial levels: | 29,134.99 for Dow, 1,662.509 for Russell, 3,647.29 for S&P
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Barrier levels: | 20,394.493 for Dow, 1,163.7563 for Russell, 2,553.103 for S&P, 70% of initial level
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Upside leverage: | 108%
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Cap: | None
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Pricing date: | Sept. 27, 2022
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Settlement date: | Sept. 30, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.99358%
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Cusip: | 48133MG20
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