Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.67 million review notes on Stoxx 50, Emerging Markets index
By William Gullotti
Buffalo, N.Y., Aug. 30 – JPMorgan Chase Financial Co. LLC priced $2.67 million of 0% review notes due June 23, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 8% if each index closes at or above its call level on any annual review date. Call level starts at initial level for the first review date and declines by 2.5% per year until maturity.
If the notes are not called, the payout at maturity will be par unless any underlying index falls by more than 30%, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Review notes
|
| Underlying indexes: | Euro Stoxx 50 index, MSCI Emerging Markets index
|
| Amount: | $2,666,000
|
| Maturity: | June 23, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index
|
| Call: | At par plus 8% per year if each index closes at or above call level on any annual review date; call level starts at initial level for the first review date and declines by 2.5% per year until maturity
|
| Initial levels: | 4,083.37 for Stoxx, 1,361.25 for MSCI EM
|
| Trigger levels: | 2,858.359 for Stoxx, 952.875 for MSCI EM; 70% of initial levels
|
| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132UHZ9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
