Published on 4/23/2024 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $300,000 uncapped accelerated barrier notes on indexes
Chicago, April 23 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% uncapped accelerated barrier notes due Jan. 28, 2027 linked to the least performing of 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 173.65% 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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Amount: | $300,000
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Maturity: | Jan. 28, 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 173.65% 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: | 38,049.13 for Dow, 17,516.99 for Nasdaq, 1,975.878 for Russell
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Barrier levels: | 26,634.391 for Dow, 12,261.893 for Nasdaq, 1,383.1146 for Russell, 70% of initial levels
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Upside leverage: | 173.65%
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Cap: | None
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48134TD84
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