New Issue: JPMorgan prices $808,000 autocallable accelerated barrier notes linked to S&P 500

By Kiku Steinfeld

Chicago, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $808,000 of 0% autocallable accelerated barrier notes due Feb. 25, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains, the payout will be par plus 200% of the index return. Investors will receive par if the index declines but ends at or above its 80% barrier and they will lose 1% for every 1% that the index declines if it finishes below the barrier level.

The notes will be called automatically on Feb. 23, 2024 at a premium of 4.1% if the index closes above 110% of its initial value.

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 accelerated barrier notes
Underlying index:	S&P 500 index
Amount:	$808,000
Maturity:	Feb. 25, 2028
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial value, par plus 200% of index return; if index declines but finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
Initial level:	3,991.05
Upside leverage:	200%
Downside threshold:	3,192.84, 80% of initial level
Call:	Automatically on Feb. 23, 2024 at a premium of 4.1% if the index closes above 110% of its initial value
Pricing date:	Feb. 22, 2023
Settlement date:	Feb. 27, 2023
Agent:	J.P. Morgan Securities LLC
Fees:	0.53326%
Cusip:	48133UC75

© 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.