Published on 5/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.23 million uncapped accelerated barrier notes on MerQube US Large-Cap
New York, May 12 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% uncapped accelerated barrier notes due May 10, 2027 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 285% of the return of the index. The payout will be par if the index declines but finishes above its 60% barrier. Investors will lose 1% for every 1% that the 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 index: | MerQube US Large-Cap Vol Advantage index
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Amount: | $1,225,000
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Maturity: | May 10, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 285% of index return; par if index declines but finishes above its downside barrier; 1% loss for every 1% that index declines if it finishes below its downside barrier
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Initial level: | 2,803.42 on strike date of May 5
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Upside leverage: | 285%
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Cap: | None
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Barrier: | 1,682.052, 60% of initial level
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Pricing date: | May 6
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Settlement date: | May 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 5%
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Cusip: | 48133FU29
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