Published on 4/8/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $800,000 uncapped accelerated barrier notes on four stocks
By William Gullotti
Buffalo, N.Y., April 8 – JPMorgan Chase Financial Co. LLC priced $800,000 of 0% uncapped accelerated barrier notes due April 6, 2023 linked to the stock performance of CF Industries Holdings, Inc., Continental Resources, Inc., Mosaic Co. and EOG Resources, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 4.05 times the return of the lowest performing stock.
If the worst performer declines but 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 from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying stocks: | CF Industries Holdings, Inc., Continental Resources, Inc., Mosaic Co., EOG Resources, Inc.
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| Amount: | $800,000
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| Maturity: | April 6, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its initial level, par plus 4.05 times the return of the least performing stock; if worst performer declines but finishes at or above barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
|
| Initial levels: | $101.01 for CF, $62.75 for Continental, $65.52 for Mosaic, $121.09 for EOG
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| Barrier levels: | $70.707 for CF, $43.925 for Continental, $45.864 for Mosaic, $84.763 for EOG; 70% of initial levels
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| Strike date: | March 30
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
|
| Cusip: | 48133FBT1
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