Published on 2/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.2 million uncapped dual directional accelerated barrier notes on indexes
By Kiku Steinfeld
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% uncapped dual directional accelerated barrier notes March 5, 2025 linked to the Nasdaq-100 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.
The payout at maturity will be par plus 1.06 times the gain of the worst performer, if each index finishes above their initial levels.
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: | Uncapped dual directional accelerated barrier notes
|
| Underlying indexes: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
|
| Amount: | $1.2 million
|
| Maturity: | March 5, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish above initial level, par plus 1.06 times return of worst performer; if any index declines but neither finishes below barrier level, par plus absolute value of lesser performing index; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Initial index levels: | 35,360.73 for Dow, 15,582.51 for Nasdaq and 2,273.774 for Russell
|
| Barrier levels: | 24,752.511 for Dow, 10,907.757 for Nasdaq and 1,591.6418 for Russell; 70% of initial levels
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48132WKY4
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