Published on 8/13/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $570,000 digital barrier notes linked to Russell, Nasdaq, Dow
By William Gullotti
Buffalo, N.Y., Aug. 13 – JPMorgan Chase Financial Co. LLC priced $570,000 of 0% digital barrier notes due June 21, 2022 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.
If all indexes finish at or above initial levels, the payout at maturity will be par plus 13.4%. If any index falls below its initial level but finishes at or above its 80% barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
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Amount: | $570,000
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Maturity: | June 21, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If all indexes finish at or above initial levels, par plus 13.4%; if any index falls below its initial level but finishes at or above its 80% barrier level, par; otherwise, full exposure to the decline of the worst performing index from its initial level
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Initial levels: | 34,299.33 for Dow, 2,320.072 for Russell, 14,030.41 for Nasdaq
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Barrier levels: | 27,439.464 for Dow, 1,856.0576 for Russell, 11,224.328 for Nasdaq; 80% of initial levels
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Pricing date: | June 15
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Settlement date: | June 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48132UMU4
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