Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.48 million uncapped accelerated barrier notes on ETF, indexes
Chicago, June 22 – JPMorgan Chase Financial Co. LLC priced $1.48 million of 0% uncapped accelerated barrier notes due Dec. 14, 2026 linked to the least performing of the iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 175% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 60% barrier. Investors will lose 1% for every 1% that the worst performing asset declines if it closes below its barrier.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped accelerated barrier notes
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| Underlying assets: | iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $1,475,000
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| Maturity: | Dec. 14, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 175% of worst performing asset return; par if worst performing asset declines but finishes above its downside barrier; 1% loss for every 1% that worst performing asset declines if it finishes below its downside barrier
|
| Initial levels: | $163.95 for fund, 35,754.69 for Dow, 16,149.57 for Nasdaq
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| Upside leverage: | 175%
|
| Cap: | None
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| Barrier levels: | $98.37 for fund, 21,452.814 for Dow, 9,689.742 for Nasdaq, 60% of initial levels
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| Pricing date: | Dec. 9, 2021
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| Settlement date: | Dec. 14, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.875%
|
| Cusip: | 48132YJ48
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