Published on 1/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.76 million uncapped accelerated barrier notes on indexes, ETF
By Wendy Van Sickle
Columbus, Ohio, Jan. 12 – JPMorgan Chase Financial Co. LLC priced $3.76 million of 0% uncapped accelerated barrier notes due Dec. 3, 2026 linked to the lesser performing of the iShares Russell 2000 Value ETF, the Dow Jones industrial average and the Nasdaq-100 index, 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 2 times 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.
|
| Issue: | Uncapped accelerated barrier notes
|
| Underlying assets: | iShares Russell 2000 Value ETF, Nasdaq-100 index, Dow Jones industrial average
|
| Amount: | $3.76 million
|
| Maturity: | Dec. 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes at or above its initial level, par plus 2 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: | $164.22 for ETF, 16,399.24 for Nasdaq, 35,135.94 for Dow
|
| Barrier levels: | $114.954 for ETF, 11,479.468 for Nasdaq, 24,595.158 for Dow; 70% of initial levels
|
| Pricing date: | Nov. 29
|
| Settlement date: | Dec. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.68384%
|
| Cusip: | 48132YVM4
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
