Published on 9/2/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 digital barrier notes linked to indexes
By Emma Trincal
New York, Sept. 2 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital barrier notes due Oct. 5, 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 the least performing index finishes at or above 82.9% of its initial level, the payout at maturity will be par plus the digital upside return of 10%.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
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 and Russell 2000 index
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Amount: | $500,000
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Maturity: | Oct. 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the least performing index finishes at or above its 82.9% of its initial level, par plus 10%; otherwise, full exposure to the decline of the least performing index from its initial level
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Initial levels: | 35,360.73 for Dow, 15,582.51 for Nasdaq, 2,273.774 for Russell
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Barrier levels: | 29,314.045 for Dow, 12,917.9 for Nasdaq, 1,884.958 for Russell, 82.9% of initial levels
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48132WHG7
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