Published on 8/22/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $796,000 review notes linked to Nasdaq, Russell, Dow
By Kiku Steinfeld
Chicago, Aug. 23 – JPMorgan Chase Financial Co. LLC priced $796,000 of 0% review notes due Dec. 20, 2022 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an annualized call premium of 6.2% if each index closes at or above its call value, 100% of its initial level, on June 15, 2022 or Dec. 15, 2022.
If the notes are not called and the final level of each index is greater than or equal to its trigger value, 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the least-performing index finishes below its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Review notes
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| Underlying indexes: | Nasdaq-100, Russell 2000 and Dow Jones industrial average
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| Amount: | $796,000
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| Maturity: | Dec. 20, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if final level of each index is greater than or equal to trigger value; otherwise, 1% loss for each 1% that least-performing index finishes below initial level
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| Call: | Automatically at par plus call premium of 6.2% annualized if each index closes at or above 100% of initial level on June 15, 2022 or Dec. 15, 2022
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| Initial levels: | 14,030.41 for Nasdaq, 2,320.072 for Russell, 34,299.33 for Dow
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| Trigger values: | 9,821.287 for Nasdaq, 1,624.0504 for Russell, 24,009.531 for Dow; 70% 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: | 2.225%
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| Cusip: | 48132UNF6
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