Published on 12/7/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.32 million capped accelerated barrier notes on S&P MidCap 400
New York, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $5.32 million of 0% capped accelerated barrier notes due Dec. 4, 2028 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 148% of the return of the index, capped at par plus 100%.
The payout will be par if the index declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Capped accelerated barrier notes
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| Underlying index: | S&P MidCap 400 index
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| Amount: | $5,324,000
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| Maturity: | Dec. 4, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 148% of index return, capped at par plus 100%; par if index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 2,549.01
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| Upside leverage: | 148%
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| Barrier: | 1,784.307, 70% of initial level
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| Pricing date: | Nov. 29
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| Settlement date: | Dec. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.85%
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| Cusip: | 48134RSN9
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