Published on 7/5/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $273,000 uncapped accelerated barrier notes on index, ETF
Chicago, July 5 – JPMorgan Chase Financial Co. LLC priced $273,000 of 0% uncapped accelerated barrier notes due July 19, 2027 linked to the least performing of the Euro Stoxx 50 index and iShares MSCI EAFE 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 240% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 65% barrier. Investors will lose 1% for every 1% that the worst performing asset declines if it closes below its 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 accelerated barrier notes
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Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $273,000
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Maturity: | July 19, 2027
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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 240% of worst performing asset return; par if worst performing asset declines but finishes above its downside barrier; 1% loss for every 1% that worst performing asset declines if it finishes below its downside barrier
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Initial levels: | 3,396.61 for index, $60.44 for ETF
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Barriers: | 2,207.7965 for index, $39.286 for ETF, 65% of initial levels
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Upside leverage: | 240%
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Cap: | None
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Pricing date: | July 14, 2022
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Settlement date: | July 19, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.55%
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Cusip: | 48133LNK4
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