Published on 2/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $3.42 million capped buffered equity notes linked to Dow, S&P
By William Gullotti
Buffalo, N.Y., Feb. 10 – JPMorgan Chase Financial Co. LLC priced $3.42 million of 0% capped buffered equity notes due Oct. 24, 2022 linked to the lesser performing of the Dow Jones industrial average and the S&P 500 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 42%.
If the final level of either index is less than its initial level by not more than 10%, investors will receive par.
If the final level of either index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying indexes: | Dow Jones industrial average, S&P 500 index
|
| Amount: | $3,417,000
|
| Maturity: | Oct. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than its initial level, par plus lesser-performing index’s return, capped at 42%; if lesser-performing index falls by up to 10%, par; if final level of either index is less than initial level by more than 10%, 1% loss for every 1% that lesser-performing index declines beyond 10%
|
| Initial levels: | 34,077.63 for Dow, 4,163.26 for S&P
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | April 19, 2021
|
| Settlement date: | April 22, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.15%
|
| Cusip: | 48132TMZ6
|
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