Chicago, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $915,000 of 0% autocallable dual directional buffered equity notes due May 29, 2026 linked to the lesser performing of the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically on May 23, 2024 at a premium of 8.5% if the worst performing index closes at or above of its initial value.
If the worst performing index gains, the payout at maturity will be par plus that index’s return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 15%.
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.
|
| Issue: | Autocallable dual directional buffered equity notes
|
| Underlying indexes: | Dow Jones industrial average and S&P 500 index
|
| Amount: | $915,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing index gains, par plus that index’s return; par plus absolute value of worst performing index return if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
|
| Call: | Automatically on May 23, 2024 at a premium of 8.5% if the worst performing index closes at or above of its initial value
|
| Initial levels: | 33,055.51 for Dow, 4,145.58 for S&P
|
| Buffer levels: | 85% of initial levels
|
| Buffer: | 15%
|
| Pricing date: | May 23, 2023
|
| Settlement date: | May 26, 2023
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.75%
|
| Cusip: | 48133WYV4
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
