Published on 11/1/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.22 million uncapped accelerated barrier notes on indexes, ETF
By William Gullotti
Buffalo, N.Y., Nov. 1 – JPMorgan Chase Financial Co. LLC priced $2.22 million of 0% uncapped accelerated barrier notes due Oct. 30, 2026 linked to the lesser performing of the iShares MSCI Emerging Markets ETF, the Stoxx Europe 600 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlier finishes at or above its initial level, the payout at maturity will be par plus triple the return of the lesser performing underlier.
If any underlier falls but each underlier finishes at or above the 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50 index, Stoxx Europe 600 index
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| Amount: | $2,223,000
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| Maturity: | Oct. 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlier finishes at or above its initial level, par plus three times the return of the lesser performing underlier; if any underlier falls but all underliers finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
|
| Initial levels: | $51.62 for ETF, 4,220.88 for Stoxx 50, 474.04 for Stoxx Europe
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| Barrier levels: | $30.972 for ETF, 2,532.528 for Stoxx 50, 284.424 for Stoxx Europe; 60% of initial levels
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| Pricing date: | Oct. 27
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| Settlement date: | Oct. 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.5%
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| Cusip: | 48132YHK4
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