Published on 10/20/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.11 million uncapped accelerated barrier notes on EAFE ETF, Stoxx 50
By Kiku Steinfeld
Chicago, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $2.11 million of 0% uncapped accelerated barrier notes due July 30, 2026 linked to the lesser performing of the iShares MSCI EAFE ETF 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 underlier finishes above its initial level, the payout at maturity will be par plus 1.75 times the return of the lesser performing underlier.
If either underlier falls but each underlier 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 performer.
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: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
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Amount: | $2,107,000
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Maturity: | July 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.75 times any gain of the lesser performing underlier; if either underlier falls but all underliers finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer
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Initial levels: | $79.01 for ETF, 4,064.83 Stoxx
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Barrier levels: | $55.307 for ETF, 2,845.381 for Stoxx; 70% of initial levels
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Pricing date: | July 27
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Settlement date: | July 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.52326%
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Cusip: | 48132UVX8
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