Published on 3/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.82 million uncapped dual directional buffered equity notes on indexes
By William Gullotti
Buffalo, N.Y., March 11 – JPMorgan Chase Financial Co. LLC priced $2.82 million of 0% uncapped dual directional buffered equity notes March 12, 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 the gain of the worst performer, if each index finishes above initial levels.
If the worst performer declines no farther than its 80% buffer level, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer below 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered equity notes
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| Underlying indexes: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
|
| Amount: | $2,817,000
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| Maturity: | March 12, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all indexes finish above initial level, par plus return of worst performer; if the worst performer declines but finishes at or above buffer level, par plus absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer below buffer
|
| Initial index levels: | 13,319.38 for Nasdaq, 32,817.38 for Dow, 1,951.329 for Russell
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | March 7
|
| Settlement date: | March 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.92799%
|
| Cusip: | 48133DKV1
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