Published on 6/1/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $8.21 million uncapped accelerated barrier notes on Stoxx, EAFE ETF
By Wendy Van Sickle
Columbus, Ohio, June 1 – JPMorgan Chase Financial Co. LLC priced $8.21 million of 0% uncapped accelerated barrier notes due May 29, 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 2.1 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
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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: | $8,206,000
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Maturity: | May 29, 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 2.1 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
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Initial levels: | 4,036.04 for index, $80.54 for ETF
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Barrier levels: | 2,623.426 for index, $52.351 for ETF, 65% of initial levels
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Pricing date: | May 25
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Settlement date: | May 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.125%
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Cusip: | 48132UCH4
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