Published on 11/15/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $220,000 uncapped accelerated barrier notes on S&P, Russell, Dow
By Kiku Steinfeld
Chicago, Nov. 15 – JPMorgan Chase Financial Co. LLC priced $220,000 of 0% uncapped accelerated barrier notes due July 31, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, 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 1.325 times the return of the worst performing index.
If any index falls but each index finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
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: | Uncapped accelerated barrier notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
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| Amount: | $220,000
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| Maturity: | July 31, 2026
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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 1.325 times the return of the worst performing index; if any index falls but all indexes finish at or above the 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: | 2,226.246 for Russell, 4,395.26 for S&P, 34,935.47 for Dow
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| Barrier levels: | 3,076.682 for S&P, 1,558.3722 for Russell, 24,454.829 for Dow; 70% of initial levels
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| Pricing date: | July 30
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| Settlement date: | Aug. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132UWJ8
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