Published on 9/27/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.32 million capped accelerated barrier notes on Russell, Dow
Chicago, Sept. 17 – JPMorgan Chase Financial Co. LLC priced $1.32 million of 0% capped accelerated barrier notes due April 28, 2022 linked to the least performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus two times the return of the worst performing index, up to par plus 14.6%.
If any index falls but each index finishes at or above its barrier level, 70% of its initial level, the payout will be par.
If any index finishes below its barrier level, 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: | Capped accelerated barrier notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index
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Amount: | $1,316,000
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Maturity: | April 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus two times the return of the worst performing index, up to par plus 14.6%; if any index falls but each index finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial index levels: | 2,185.687 for Russell, 32,423.15 for Dow
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Barrier levels: | 1,529.9809 for Russell, 22,696.205 for Dow; 70% of initial levels
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Pricing date: | March 23
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Settlement date: | March 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48132TEQ5
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