Published on 11/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.77 million capped accelerated barrier notes linked to two iShares ETFs
New York, Nov. 14 – JPMorgan Chase Financial Co. LLC priced $2.77 million of 0% capped accelerated barrier notes due May 8, 2025 linked to the iShares Core S&P Small-Cap ETF and iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout at maturity will be par plus 200% of the return of that ETF, capped at par plus 60.25%.
The payout will be par if the worst performing ETF declines but finishes at or above its 85% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing ETF 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 ETFs: | iShares Core S&P Small-Cap ETF and iShares Russell 2000 Value ETF
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| Amount: | $2,771,000
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| Maturity: | May 8, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF gains, par plus 200% of that ETF return, capped at par plus 60.25%; par if worst performing ETF declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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| Initial levels: | $95.94 for iShares S&P Small-Cap ETF, $142.91 for iShares Russell 2000 Value ETF
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| Upside leverage: | 200%
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| Cap: | 60.25%
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| Barriers: | $81.549 for iShares S&P Small-Cap ETF, $121.4735 for iShares Russell 2000 Value ETF, 85% of initial level
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| Strike date: | Nov. 4
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| Pricing date: | Nov. 7
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| Settlement date: | Nov. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133PRJ4
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