Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.09 million uncapped dual directional buffered notes on indexes, ETF
Chicago, June 7 – JPMorgan Chase Financial Co. LLC priced $1.09 million of 0% uncapped dual directional buffered equity notes due Nov. 3, 2026 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be par plus 1.4885 times the return of the lesser performing asset.
If either asset falls but by no more than the 30% buffer, the payout will be par plus the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 30%, investors will lose 1 % for each 1% decline of the lesser-performing asset.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped dual directional buffered equity notes
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| Underlying assets: | S&P 500 index, Nasdaq-100 index and iShares Russell 1000 ETF
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| Amount: | $1,093,000
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| Maturity: | Nov. 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 1.4885 times the return of the lesser-performing asset; if either asset falls but by no more than 30% buffer, par plus the absolute value of return of lesser-performing asset; if either asset falls by more than 30%, investors will lose 1 % for each 1% decline of the lesser-performing asset from its initial level
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| Initial levels: | $166.38 for ETF, 4,605.38 for S&P and 15,850.47 for Nasdaq
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| Barrier levels: | $116.466 for ETF, 3,223.766 for S&P and 11,095.329 for Nasdaq; 70% of initial levels
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132YJP1
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