Published on 6/9/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $310,000 capped buffered equity notes linked to three indexes
By William Gullotti
Buffalo, N.Y., June 9 – JPMorgan Chase Financial Co. LLC priced $310,000 of 0% capped buffered equity notes due May 19, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus the lesser-performing index’s return, capped at 9%.
If the final level of any index is less than its initial level by up to 20%, par.
If the final level of any index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
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: | Capped buffered equity notes
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Underlying indexes: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
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Amount: | $310,000
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Maturity: | May 19, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of any index is greater than its initial level, par plus lesser-performing index’s return, capped at 9%; if lesser-performing index falls by up to 20%, par; if final level of any index is less than initial level by more than 20%, 1% loss for every 1% that lesser-performing index declines beyond 20%
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Initial levels: | 34,060.36 for Russell, 4,211.47 for S&P, 13,970.21 for Nasdaq
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Buffer levels: | 80% of initial levels
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Pricing date: | May 13
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Settlement date: | May 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.6%
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Cusip: | 48132TT89
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