Published on 9/27/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $9.53 million capped return enhanced notes on S&P, Russell, Dow
By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $9.53 million of 0% capped return enhanced notes due Oct. 20, 2022 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 2 times the return of the least-performing index, capped at 40.15%.
Investors will be fully exposed to any loss of the least-performing index.
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: | Capped return enhanced notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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Amount: | $9,525,000
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Maturity: | Oct. 20, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 2 times return of least-performing index, capped at 40.15%; 1% loss for every 1% that least-performing index declines
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Initial levels: | 4,473.75 for S&P, 2,232.911 for Russell, 34,751.32 for Dow
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Pricing date: | Sept. 22
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Settlement date: | Sept. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48132WVE6
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