Published on 11/21/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $980,000 capped dual directional contingent buffered notes on indexes
By Taylor Fox
New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $980,000 of 0% capped dual directional contingent buffered return enhanced notes due May 11, 2023 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.141 times the return of the worse performing index, up to a maximum return of par plus 40%.
If either index falls but by no more than 30% of its initial level, the payout will be par plus the absolute value of the return of the worse performing index.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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 dual directional contingent buffered return enhanced notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000
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Amount: | $980,000
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Maturity: | May 11, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.141 times the return of worse performing index, up to par plus 40% maximum upside return; if either index falls by no more than 30%, par plus the absolute value of the return of the worse performing index; otherwise, full exposure to any losses of worse performing index
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Initial index levels: | 1,644.159 for Russell, 12,091.35 for Nasdaq and 28,323.40 for Dow
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Contingent buffer levels: | 70% of initial index levels
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Pricing date: | Nov. 6
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Settlement date: | Nov. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48132PWU4
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