Published on 5/16/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 capped dual directional accelerated barrier notes on indexes
Chicago, May 16 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped dual directional accelerated barrier notes due June 23, 2025 linked to the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes flat or positive, the payout at maturity will be par plus 150% of the gain of the worst performing index, subject to a maximum return of par plus 63.5%.
If the worst performing index declines by up to 30%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
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: | Capped dual directional accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index, S&P 500 index
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| Amount: | $500,000
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| Maturity: | June 23, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes flat or positive, par plus 150% of index gain of worst performer, capped at par plus 63.5%; if worst performing index declines by up to 30%, par plus absolute value of the return of that index; otherwise, 1% loss for each 1% decline of worst performer from initial level
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| Initial index levels: | 1,665.694 for Russell, 3,674.84 for S&P, 11,265.99 for Nasdaq
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| Barrier levels: | 1,165.9858 for Russell, 2,572.388 for S&P, 7,886.193 for Nasdaq; 70% of initial levels
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| Pricing date: | June 17, 2022
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| Settlement date: | June 23, 2022
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48133GD42
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