Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $5.07 million uncapped dual directional barrier notes on Dow, Nasdaq
By Kiku Steinfeld
Chicago, Aug. 30 – JPMorgan Chase Financial Co. LLC priced $5.07 million of 0% uncapped dual directional barrier notes due July 5, 2024 linked to the Dow Jones industrial average and the Nasdaq-100 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 the gain of the worst performer if both indexes finish above their initial levels.
If any index falls but each index finishes at or above 75% of its initial level, the payout will be par plus the absolute value of the lesser performing index return.
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.
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| Issue: | Uncapped dual directional barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index
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| Amount: | $5,072,000
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| Maturity: | July 5, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If both indexes finish above initial levels, par plus return of worst performer; if any index declines but no index finishes below barrier level, par plus absolute value of lesser performing index; otherwise, 1% loss for each 1% decline below initial level of worst performer
|
| Initial index levels: | 14,554.80 for Nasdaq, 34,502.51 for Dow
|
| Barrier levels: | 10,916.10 for Nasdaq, 25,876.8825 for Dow; 75% of initial levels
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| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.47672%
|
| Cusip: | 48132UEP4
|
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