Chicago, June 7 – JPMorgan Chase Financial Co. LLC priced $518,000 of 0% uncapped dual directional buffered return notes due May 28, 2024 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5735 times the gain of the worst performer if both assets finish positive.
If the worst performing asset falls but not beyond the 90% buffer level, the payout will be par plus the absolute value of the asset return for that asset.
Otherwise, investors will lose 1% for each 1% decline of the worst performing asset beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $518,000
|
| Maturity: | May 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5735 times asset gain of worst performer if all assets finish positive; if worst performing asset falls but is above buffer level, par plus the absolute value of return of that asset; otherwise, 1% loss for each 1% decline beyond buffer
|
| Initial asset levels: | $79.87 for ETF, 4,338.69 for Stoxx
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Nov. 22, 2021
|
| Settlement date: | Nov. 26, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.95%
|
| Cusip: | 48132YXV2
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
