Published on 12/10/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.42 million uncapped accelerated barrier notes on index, ETF
Chicago, Dec. 11 – JPMorgan Chase Financial Co. LLC priced $1.42 million of 0% uncapped accelerated barrier notes due Nov. 4, 2027 linked to the lesser 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 227% 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: | $1,415,000
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Maturity: | Nov. 4, 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 227% 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: | 3,617.54 for Stoxx, $59.31 for EAFE ETF
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Barrier levels: | 2,351.401 for Stoxx, $38.5515 for EAFE ETF, 65% of initial levels
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Upside leverage: | 227%
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Cap: | None
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Pricing date: | Oct. 31, 2022
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Settlement date: | Nov. 3, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65309%
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Cusip: | 48133NPY8
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