Published on 3/2/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.31 million capped buffered equity notes linked to Dow, S&P
By Wendy Van Sickle
Columbus, Ohio, March 2 – JPMorgan Chase Financial Co. LLC priced $6.31 million of 0% capped buffered equity notes due Aug. 22, 2022 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser-performing index’s return, capped at par plus 37%.
If either index falls but not more than 10%, the payout will be par.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
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| Amount: | $6,308,000
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| Maturity: | Aug. 22, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus lesser-performing index’s return, capped at par plus 37%; if lesser-performing index falls by up to 10%, par; if final level of either index is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing index declines beyond 10%
|
| Initial levels: | 30,613.02 for Dow, 3,931.33 for S&P
|
| Buffer levels: | 90% of initial levels
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
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| Cusip: | 48132RB58
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