Published on 10/21/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $7.51 million review notes on Stoxx indexes, Russell Value ETF
By William Gullotti
Buffalo, N.Y., Oct. 21 – JPMorgan Chase Financial Co. LLC priced $7.51 million of 0% review notes due Oct. 20, 2025 linked to the performance of the Euro Stoxx 50 index, the Stoxx Europe 600 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 8.75% if each underlier closes at or above call value on any annual valuation date. Call value is 100% of initial value for every review date except for the final when it will be 60% of initial value.
If each underlier finishes at or above its 60% trigger value, the payout at maturity will be par plus 35%. Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
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: | Review notes
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| Underlying assets: | Euro Stoxx 50 index, Stoxx Europe 600 index, iShares Russell 2000 Value ETF
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| Amount: | $7,512,000
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| Maturity: | Oct. 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 35% unless any underlier finishes below trigger value, in which case full exposure to decline of worse performer from initial level
|
| Call: | At par plus an annualized call premium of 8.75% if each underlier closes at or above its call value on any annual call valuation date; call value is 100% of initial value for every review date except for the final when it will be equal to trigger value
|
| Initial values: | $51.94 for ETF, 4,182.91 for Stoxx 50, 148.66 for Stoxx Europe
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| Trigger values: | $31.164 for ETF, 2,509.746 for Stoxx 50, 89.196 for Stoxx Europe; 60% of initial values
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| Pricing date: | Oct. 15
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| Settlement date: | Oct. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
|
| Cusip: | 48132YBN4
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