Published on 2/8/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.19 million uncapped accelerated barrier notes on Stoxx, EAFE ETF
By Kiku Steinfeld
Chicago, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% uncapped accelerated barrier notes due Sept. 3, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 2.03 times any gain of the worst performing asset.
If either asset falls but each finishes at or above the 65% 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, iShares MSCI EAFE ETF
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Amount: | $1,187,000
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Maturity: | Sept. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2.03 times any gain of lesser performing asset; if either asset falls but each finishes at or above barrier level, par; otherwise, full exposure to decline of lesser performer
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Initial levels: | 4,196.41 for index, $80.64 for ETF
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Barrier levels: | 2,727.6665 for index, $52.416 for ETF, 65% of initial levels
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.62426%
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Cusip: | 48132UQ30
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