Published on 8/12/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $339,000 autocallable barrier notes on Dow, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Aug. 12 – JPMorgan Chase Financial Co. LLC priced $339,000 of 0% autocallable barrier notes due June 19, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus 10% if all indexes finish above their initial levels on June 15, 2022.
If the notes are not called and all indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index.
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: | Autocallable barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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| Amount: | $339,000
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| Maturity: | June 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
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| Call: | At par plus of 10% if each index finishes above initial level on June 15, 2022
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| Initial levels: | 34,393.75 for Dow, 14,128.2 for Nasdaq, 2,326.145 for Russell
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| Trigger levels: | 24,075.625 for Dow, 9,889.74 for Nasdaq, 1,628.3015 for Russell; 70% of initial levels
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.9%
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| Cusip: | 48132UMF7
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