Published on 9/6/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1 million uncapped accelerated barrier notes linked to ETFs
New York, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped accelerated barrier notes due March 3, 2028 linked to the Invesco QQQ Trust, Series 1, iShares Russell 1000 Growth ETF and iShares Russell 1000 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 156.25% of the return of the worst performing ETF. The payout will be par if the worst performing ETF declines but finishes above its 90% barrier. Investors will lose 1% for every 1% that the worst performing ETF 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 ETFs: | Invesco QQQ Trust, Series 1, iShares Russell 1000 Growth ETF and iShares Russell 1000 Value ETF
|
Amount: | $1 million
|
Maturity: | March 3, 2028
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If worst performing ETF gains par plus 156.25% of worst performing ETF return; par if worst performing ETF declines but finishes above its downside barrier; 1% loss for every 1% that worst performing ETF declines if it finishes below its downside barrier
|
Initial levels: | $376.86 for Invesco QQQ Trust, Series 1, $281.57 for iShares Russell 1000 Growth ETF, $159.57 for iShares Russell 1000 Value ETF
|
Upside leverage: | 156.25%
|
Cap: | None
|
Barriers: | $339.174 for Invesco QQQ Trust, Series 1, $253.413 for iShares Russell 1000 Growth ETF, $143.613 for iShares Russell 1000 Value ETF, 90% of initial level
|
Pricing date: | Aug. 30
|
Settlement date: | Sept. 5
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 5%
|
Cusip: | 48134AQT5
|
|
|
© 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.