Published on 3/14/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $542,000 uncapped accelerated barrier notes on Stoxx, EM ETF
By Kiku Steinfeld
Chicago, March 14 – JPMorgan Chase Financial Co. LLC priced $542,000 of 0% uncapped accelerated barrier notes due Sept. 19, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets 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 1.8835 times any gain of the worst performing asset.
If either asset falls but each 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
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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 Emerging Markets ETF
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Amount: | $542,000
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Maturity: | Sept. 19, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.8835 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: | 4,169.87 for index, $51.59 for ETF
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Barrier levels: | 2,918.909 for index, $36.113 for ETF, 70% of initial levels
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Pricing date: | Sept. 16
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Settlement date: | Sept. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.4%
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Cusip: | 48132WSH3
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