Published on 3/23/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.61 million uncapped accelerated barrier notes on two Stoxx indexes
By William Gullotti
Buffalo, N.Y., March 23 – JPMorgan Chase Financial Co. LLC priced $1.61 million of 0% uncapped accelerated barrier notes due March 23, 2028 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 2.45 times the return of the worst performing index.
If any index falls but each index 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 index.
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 indexes: | Euro Stoxx 50 index, Stoxx Europe 600 index
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Amount: | $1,613,000
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Maturity: | March 23, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 2.45 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial index levels: | 3,902.44 for Stoxx 50, 454.6 for Europe 600
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Barrier levels: | 2,731.708 for Stoxx 50, 318.22 for Europe 600; 70% of initial levels
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.25%
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Cusip: | 48133DHX1
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