Published on 12/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $929,000 uncapped accelerated barrier notes linked to three indexes
Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $929,000 of 0% uncapped accelerated barrier notes due March 19, 2027 linked to the least performing of the Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 150% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index 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: | Uncapped accelerated barrier notes
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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Amount: | $929,000
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Maturity: | March 19, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 150% of worst performing index return; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial levels: | 13,956.79 for Nasdaq, 2,030.720 for Russell, 4,357.86 for S&P
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Barriers: | 9,769.753 for Nasdaq, 1,421.504 for Russell, 3,050.502 for S&P, 70% of initial levels
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Upside leverage: | 150%
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Cap: | None
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Pricing date: | March 16
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Settlement date: | March 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133DZL7
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