Published on 7/14/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.1 million capped accelerated barrier notes on Stoxx, S&P, Dow
By William Gullotti
Buffalo, N.Y., July 14 – JPMorgan Chase Financial Co. LLC priced $2.1 million of 0% capped accelerated barrier notes due May 31, 2024 linked to the least performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus triple the return of the worst performing index, up to par plus 47.75%.
If any index falls but each index finishes at or above its barrier level, 75% of its initial level, the payout will be par.
If any index finishes below its barrier level, investors will be fully exposed to the decline of the least performing index 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: | Capped accelerated barrier notes
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Underlying indexes: | S&P 500 index, Euro Stoxx 50 index
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Amount: | $2.1 million
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Maturity: | May 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus three times the return of the worst performing index, up to par plus 47.75%; if any index falls but each index finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial index levels: | 4,195.99 for S&P, 4,031.67 for Stoxx
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Barrier levels: | 3,146.9925 for S&P, 3,023.7525 for Stoxx; 75% of initial levels
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Pricing date: | May 26
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Settlement date: | June 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48132UDD2
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