Published on 11/22/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.49 million capped dual directional barrier notes on three indexes
Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $1.49 million of 0% capped dual directional barrier notes due Sept. 29, 2023 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all indexes finish above their initial values, the payout at maturity will be par plus the gain of the least performing index, subject to a maximum payout of par plus 23%.
If any index falls but each index finishes at or above 70% 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.
|
| Issue: | Capped dual directional barrier notes
|
| Underlying indexes: | Russell 2000 index, Dow Jones industrial average, S&P 500 index
|
| Amount: | $1,485,000
|
| Maturity: | Sept. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish above initial levels, par plus return of worst performer capped at 23%; if any index declines but none finish below barrier level, par plus absolute value of worst performer index; otherwise, 1% loss for each 1% decline below initial level of worst performer
|
| Initial index levels: | 33,072.88 for Dow, 3,974.54 for S&P, 2,221.482 for Russell
|
| Barrier levels: | 23,151.016 for Dow, 2,782.178 for S&P, 1,555.0374 for Russell; 70% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.47761%
|
| Cusip: | 48132RU99
|
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