E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 8/18/2023 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $906,000 uncapped accelerated barrier notes on Stoxx indexes

Chicago, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $906,000 of 0% uncapped accelerated barrier notes due July 27, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the worst performing index gains the payout at maturity will be par plus 273% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index 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
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped accelerated barrier notes
Underlying indexes:Euro Stoxx 50 index and STOXX Europe 600 index
Amount:$906,000
Maturity:July 27, 2027
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains par plus 273% of worst performing index return; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
Initial levels:3,596.49 for Stoxx 50, 425.71 for Stoxx 600
Barrier levels:2,517.543 for Stoxx 50, 297.997 for Stoxx 600, 70% of initial levels
Upside leverage:273%
Cap:None
Pricing date:July 22, 2022
Settlement date:July 27, 2022
Agent:J.P. Morgan Securities LLC
Fees:0%
Cusip:48133LGF3

© 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.