Published on 11/6/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $2.29 million uncapped return enhanced notes on Stoxx indexes
By Kiku Steinfeld
Chicago, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $2.29 million of 0% uncapped return enhanced notes due Oct. 13, 2026 linked to the least performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 3.75 times the return of the least-performing index.
Investors will be fully exposed to any loss of the least-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped return enhanced notes
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Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600 index
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Amount: | $2,292,000
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Maturity: | Oct. 13, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 3.75 times return of least-performing index; 1% loss for every 1% that least-performing index declines
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Initial levels: | 4,098.34 for Stoxx, 458.57 for Stoxx Europe
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Pricing date: | Oct. 7
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Settlement date: | Oct. 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132WP78
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