Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 dual directional accelerated barrier notes on index, ETFs
Chicago, Feb. 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped dual directional accelerated barrier notes due May 9, 2025 linked to the least performing of the Euro Stoxx 50 index, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets 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 207.5% 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 70% 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional accelerated barrier notes
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Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF and iShares MSCI Emerging Markets ETF
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Amount: | $500,000
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Maturity: | May 9, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains par plus 207.5% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but finishes above 70% barrier; 1% loss for every 1% that worst performing asset declines if it finishes below barrier
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Initial levels: | 3,629.17 for Stoxx, $67.27 for EAFE ETF, $40.93 for Emerging Markets ETF
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Barrier levels: | 2,540.419 for Stoxx, $47.089 for EAFE ETF, $28.651 for Emerging Markets ETF, 70% of initial levels
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Upside leverage: | 207.5%
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Cap: | None
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Pricing date: | May 6, 2022
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Settlement date: | May 11, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48133FWT8
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