By William Gullotti
Buffalo, N.Y., Sept. 2 – JPMorgan Chase Financial Co. LLC priced $1.93 million of 0% autocallable dual directional accelerated barrier notes due Aug. 29, 2024 linked to the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus a 10% call premium if each underlier closes at or above initial level on Aug. 29, 2023.
If each underlier finishes flat or positive, the payout at maturity will be par plus 1.5 times the gain of the worst performer.
If the worst performing underlier falls but not beyond the 70% barrier level, the payout will be par plus the absolute value of that underlier’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable dual directional accelerated barrier notes
|
| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
|
| Amount: | $1,927,000
|
| Maturity: | Aug. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes flat or positive, par plus 1.5 times the return of the worst performer; if the worst performer falls but finishes at or above barrier level, par plus the absolute value of return of that underlier; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Call: | Automatically at par plus 10% call premium if each underlier closes at or above initial level on Aug. 29, 2023
|
| Initial levels: | $62.71 for ETF, 3,603.68 for Stoxx
|
| Barrier levels: | $43.897 for ETF, 2,522.576 for Stoxx; 70% of initial levels
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48133MGY0
|
|
|
© 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.
