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Published on 1/16/2024 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $663,000 uncapped accelerated barrier notes on indexes

By Kiku Steinfeld

Chicago, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $663,000 of 0% uncapped accelerated barrier notes due May 3, 2028 linked to the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 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 176.5% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 50% 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
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped accelerated barrier notes
Underlying indexes:Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
Amount:$663,000
Maturity:May 3, 2028
Coupon:0%
Price:Par
Payout at maturity:If worst performing index gains par plus 176.5% 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
Initial levels:34,098.16 for Dow Jones industrial average, 13,245.99 for Nasdaq-100, 1,768.987 for Russell 2000
Upside leverage:176.5%
Cap:None
Barriers:17,049.08 for Dow Jones industrial average, 6,622.995 for Nasdaq-100, 884.4935 for Russell 2000, 50% of initial level
Pricing date:April 28, 2023
Settlement date:May 3, 2023
Agent:J.P. Morgan Securities LLC
Fees:1.05%
Cusip:48133VG79

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