Published on 9/28/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.08 million digital barrier notes on indexes, ETF
Chicago, Sept. 28 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 0% digital barrier notes due Aug. 26, 2021 linked to the least performing of the Russell 2000 index, the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above its 70% barrier level, investors will receive par plus the 2.4% contingent digital return.
Otherwise, investors will be fully exposed to the losses of the worst performer.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying assets: | Russell 2000 index, Euro Stoxx 50 index and iShares MSCI EAFE ETF
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Amount: | $1,077,000
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Maturity: | Aug. 26, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If all assets finish above barrier level, par plus 2.4% digital return; otherwise, full exposure to losses of worst performer
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Initial levels: | 2,185.687 for Russell, 3,827.02 for Stoxx, $75.44 for MSCI EAFE
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Barrier levels: | 1,529.9809 for Russell, 2,678.914 for Stoxx, $52.808 for MSCI EAFE; 70% of initial levels
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Pricing date: | March 23
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Settlement date: | March 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48132TJT4
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