Published on 12/31/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $6.43 million uncapped accelerated barrier notes on indexes, ETF
By William Gullotti
Buffalo, N.Y., Dec. 31 – JPMorgan Chase Financial Co. LLC priced $6.43 million of 0% uncapped accelerated barrier notes due Nov. 17, 2026 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlier finishes at or above its initial level, the payout at maturity will be par plus double the return of the lesser performing underlier.
If any underlier falls but each underlier 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 performer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying assets: | Dow Jones industrial average, Nasdaq-100 index, iShares Russell 2000 Value ETF
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| Amount: | $6,431,000
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| Maturity: | Nov. 17, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlier finishes at or above its initial level, par plus two times the return of the lesser performing underlier; if any underlier falls but all underliers finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer
|
| Initial levels: | $174.93 for ETF, 16,199.88 for Nasdaq, 36,100.31 for Dow
|
| Barrier levels: | $122.451 for ETF, 11,339.916 for Nasdaq, 25,270.217 for Dow; 70% of initial levels
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| Pricing date: | Nov. 12
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| Settlement date: | Nov. 17
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.67756%
|
| Cusip: | 48132YPY5
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