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Published on 1/13/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $500,000 uncapped accelerated barrier notes on ETF, index

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped accelerated barrier notes due Dec. 29, 2025 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 1.3 times the return of the worst performing asset.

If either 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
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped accelerated barrier notes
Underlying assets:Euro Stoxx 50 index, iShares MSCI EAFE ETF
Amount:$500,000
Maturity:Dec. 29, 2025
Coupon:0%
Price:Par
Payout at maturity:If each asset finishes at or above its initial level, par plus 1.3 times the return of the worst performing asset; if either 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
Initial levels:3,539.26 for index, $72.33 for ETF
Barrier levels:2,300.519 for index, $47.0145 for ETF, 65% of initial levels
Pricing date:Dec. 23
Settlement date:Dec. 29
Agent:J.P. Morgan Securities LLC
Fees:4.5%
Cusip:48132RAP5

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