Published on 10/1/2023 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $850,000 capped accelerated barrier notes linked to S&P 500
By Kiku Steinfeld
Chicago, Oct. 2 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% capped accelerated barrier notes due Aug. 15, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 145% of the return of the index capped at par plus 21.25%. The payout will be par if the index declines but finishes above its 75% 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: | Capped accelerated barrier notes
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Underlying index: | S&P 500 index
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Amount: | $850,000
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Maturity: | Aug. 15, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus 145% of index return capped at par plus 21.25%; 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: | 3,916.64
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Upside leverage: | 145%
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Cap: | 21.25%
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Barrier: | 2,937.48, 75% of initial level
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Pricing date: | March 17, 2023
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Settlement date: | March 22, 2023
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48133VBV1
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