E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
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
Guarantor:JPMorgan Chase & Co.
Issue:Uncapped accelerated barrier notes
Underlying assets:Euro Stoxx 50 index, Stoxx Europe 600 index
Amount:$1.26 million
Maturity:July 6, 2026
Coupon:0%
Price:Par
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
Initial levels:4,064.30 for Stoxx, 452.84 for Stoxx Europe
Barrier levels:2,845.01 for Stoxx, 316.988 for Stoxx Europe, 70% of initial levels
Pricing date:June 30
Settlement date:July 6
Agent:J.P. Morgan Securities LLC
Fees:0.80278%
Cusip:48132UER0

© 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.