Published on 8/25/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.81 million uncapped accelerated barrier notes on index, ETF basket
Chicago, Aug. 25 – JPMorgan Chase Financial Co. LLC priced $1.81 million of 0% uncapped accelerated barrier notes due Aug. 24, 2027 linked to an unequally weighted basket of indexes and ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 40% weight, the Russell 2000 index with a 30% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 1.3 times the return.
If the basket declines but finishes at or above the 65% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped accelerated barrier notes
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| Underlying basket: | S&P 500 index (40% weight), Russell 2000 index (30% weight), iShares MSCI EAFE ETF (20% weight) and iShares MSCI Emerging Markets ETF (10% weight)
|
| Amount: | $1,813,000
|
| Maturity: | Aug. 24, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes at or above its initial level, par plus 1.3 times the return of the basket; if the basket declines no farther than the barrier level, par; otherwise, investors will be fully exposed to the decline of the basket from its initial level
|
| Initial levels: | 4,228.48 for S&P, 1,957.346 for Russell, $64.69 for EAFE, $39.90 for EM
|
| Barrier level: | 65% of initial level
|
| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.11638%
|
| Cusip: | 48133MKD1
|
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