Published on 1/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.42 million uncapped dual directional accelerated barriers on indexes
By Taylor Fox
New York, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $1.42 million of 0% uncapped dual directional accelerated barrier notes due Jan. 2, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.15 times the gain of the worst performer if all indexes finish positive.
If the worst performing index falls but not beyond the 70% barrier level, the payout will be par plus the absolute value of the index return for that index.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional accelerated barrier notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and the S&P 500 index
|
| Amount: | $1,424,000
|
| Maturity: | Jan. 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times index gain of worst performer if all indexes finish positive; if worst performing index falls but is above barrier level, par plus the absolute value of return of that index; otherwise, 1% loss for each 1% decline below initial level of worst performer
|
| Initial index levels: | 1,959.363 for Russell, 3,727.04 for S&P and 30,335.67 for Dow
|
| Barrier levels: | 1,371.5541 for Russell, 2,608.928 for S&P and 21,234.969 for Dow, 70% of initial levels
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.65625%
|
| Cusip: | 48132P7B4
|
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