Published on 2/19/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $791,000 uncapped accelerated barrier notes on ETFs
By Wendy Van Sickle
Columbus, Ohio, Feb. 19 – JPMorgan Chase Financial Co. LLC priced $791,000 of 0% uncapped accelerated barrier notes due Feb. 10, 2026 linked to the lesser performing of the Technology Select Sector SPDR fund, Health Care Select Sector SPDR fund and Communication Services Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 1.8 times the return of the worst performing ETF.
If any ETF falls but each ETF 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 ETF.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying ETFs: | Technology Select Sector SPDR fund, Health Care Select Sector SPDR | fund and Communication Services Select Sector SPDR | fund
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| Amount: | $791,000
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| Maturity: | Feb. 10, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each ETF finishes at or above its initial level, par plus 1.8 times the return of the worst performing ETF; if any ETF falls but all ETFs finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing ETF
|
| Initial ETF levels: | $135.32 for Technology, $115.67 for Health Care, $71.41 for Communication
|
| Barrier levels: | $94.724 for Technology, $80.969 for Health Care, $49.987 for Communication, 70% of initial levels
|
| Pricing date: | Feb. 5
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| Settlement date: | Feb. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.50711%
|
| Cusip: | 48132RSJ0
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