Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 uncapped accelerated barrier notes on index, ETF
By Kiku Steinfeld
Chicago, Nov. 4 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped accelerated barrier notes due March 11, 2027 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout at maturity will be par plus 207% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing asset 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 assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $500,000
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Maturity: | March 11, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing asset gains, par plus 207% of worst performing asset return; par if worst performing asset declines but finishes above its downside barrier; 1% loss for every 1% that worst performing asset declines if it finishes below its downside barrier
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Initial levels: | 3,512.22 for Euro Stoxx, $66.84 for iShares
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Upside leverage: | 207%
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Cap: | None
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Barriers: | 2,458.554 for Euro Stoxx, $46.788 for iShares, 70% of initial levels
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Pricing date: | March 7
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Settlement date: | March 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48133DSW1
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