Published on 1/5/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.53 million uncapped accelerated barrier notes on index, ETF
By Kiku Steinfeld
Chicago, Jan. 5 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 0% uncapped accelerated barrier notes due Jan. 2, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 2 times the return of the worst performing asset.
If any asset falls but each asset finishes at or above the 65% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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Amount: | $1,532,000
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Maturity: | Jan. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes at or above its initial level, par plus 2 times the return of the worst performing asset; if any asset falls but all assets finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing asset
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Initial levels: | 3,581.37 for index and $73.42 for ETF
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Barrier levels: | 2,327.8905 for index and $47.723 for ETF, 65% of initial levels
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Pricing date: | Dec. 29
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Settlement date: | Jan. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.86056%
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Cusip: | 48132P7C2
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