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JPMorgan plans uncapped accelerated barrier notes on green, solar ETFs
By Marisa Wong
Los Angeles, Feb. 22 – J.P. Morgan Chase Financial Co. LLC plans to price 0% uncapped accelerated barrier notes due March 5, 2026 linked to the lesser performing of the First Trust Nasdaq Clean Edge Green Energy index fund and the Invesco Solar exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by J.P. Morgan Chase & Co.
The payout at maturity will be par plus 1.2 times any gain in the lesser performing fund.
If either ETF falls but neither falls by more than 40%, the payout will be par.
If the lesser performing ETF falls by more than 40%, investors will be fully exposed to the decline of that ETF from its initial level.
J.P. Morgan Securities LLC is the agent.
The notes will price on March 1.
The Cusip number is 48132R6W5.
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