Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.02 million capped dual directional barrier notes on Nasdaq, Dow
Chicago, May 26 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped dual directional barrier notes due Nov. 1, 2024 linked to the lesser performing of the Nasdaq-100 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 at or 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 35%.
If any index falls but each index finishes at or above 75% 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped dual directional barrier notes
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average
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| Amount: | $1,019,000
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| Maturity: | Nov. 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all indexes finish above initial level, par plus return of worst performer capped at 35%; if any index declines but none finish below barrier level, par plus absolute value of worst performing index; otherwise, 1% loss for each 1% decline below initial level of worst performer
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| Initial index levels: | 35,819.56 for Dow, 15,850.47 for Nasdaq
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| Barrier levels: | 26,864.67 for Dow, 11,887.8525 for Nasdaq; 75% of initial levels
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.40878%
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| Cusip: | 48132W5Y1
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