Published on 6/27/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $390,000 uncapped accelerated barrier notes tied to funds, index
Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $390,000 of 0% uncapped accelerated barrier notes due June 4, 2026 linked to the least performing of the Invesco QQQ Trust, Series 1, S&P 500 index and Technology Select Sector SPDR fund, 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 140% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 70% 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: | Invesco QQQ Trust, Series 1, S&P 500 index and Technology Select Sector SPDR fund
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| Amount: | $390,000
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| Maturity: | June 4, 2026
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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 140% 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
|
| Initial levels: | $347.99 for QQQ, 4,179.83 for S&P, $164.28 for Technology
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| Barriers: | $243.593 for QQQ, 2,925.881 for S&P, $114.996 for Technology, 70% of initial levels
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| Upside leverage: | 140%
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| Cap: | None
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| Pricing date: | May 31
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| Settlement date: | June 5
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
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| Cusip: | 48133WPQ5
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