Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.26 million uncapped accelerated barrier notes on Stoxx, Stoxx Europe
By Kiku Steinfeld
Chicago, Aug. 30 – JPMorgan Chase Financial Co. LLC priced $1.26 million of 0% uncapped accelerated barrier notes due July 6, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, 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 2.25 times the return of the worst performing asset.
If either asset falls but each asset finishes at or above the 70% 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, Stoxx Europe 600 index
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Amount: | $1.26 million
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Maturity: | July 6, 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 2.25 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: | 4,064.30 for Stoxx, 452.84 for Stoxx Europe
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Barrier levels: | 2,845.01 for Stoxx, 316.988 for Stoxx Europe, 70% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.80278%
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Cusip: | 48132UER0
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