Published on 6/30/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $793,000 capped accelerated barrier notes linked to ARK ETF
Chicago, June 30 – JPMorgan Chase Financial Co. LLC priced $793,000 of 0% capped accelerated barrier notes due July 5, 2024 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains the payout at maturity will be par plus 300% of the return of the ETF capped at par plus 80%. The payout will be par if the ETF declines but finishes above its 60% barrier. Investors will lose 1% for every 1% that the 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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped accelerated barrier notes
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Underlying ETF: | ARK Innovation ETF
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Amount: | $793,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF gains par plus 300% of ETF return capped at par plus 80%; par if ETF declines but finishes above its downside barrier; 1% loss for every 1% that ETF declines if it finishes below its downside barrier
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Initial level: | $39.88
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Barrier: | $23.928, 60% of initial level
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Upside leverage: | 300%
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Cap: | 80%
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Pricing date: | June 30, 2022
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Settlement date: | July 6, 2022
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.50416%
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Cusip: | 48133GWG4
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