Published on 2/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.57 million uncapped dual directional accelerated barrier notes
By William Gullotti
Buffalo, N.Y., Feb. 10 – JPMorgan Chase Financial Co. LLC priced $1.57 million of 0% uncapped dual directional accelerated barrier notes Feb. 12, 2025 linked to the iShares Russell 1000 Value ETF, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlier finishes at or above initial levels, the payout at maturity will be par plus 1.25 times the gain of the worst performer.
If any underlier falls but each underlier finishes at or above 70% of its initial level, the payout will be par plus 50% of the absolute value of the worst performer’s return.
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: | Uncapped dual directional accelerated barrier notes
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| Underlying assets: | S&P 500 index, Dow Jones industrial average, iShares Russell 1000 Value ETF
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| Amount: | $1,571,000
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| Maturity: | Feb. 12, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all underliers finish above initial level, par plus 1.25 times return of worst performer; if any underlier declines but none finish below barrier level, par plus 50% of the absolute value of worst performer; otherwise, 1% loss for each 1% decline below initial level of worst performer
|
| Initial index levels: | $164.90 for ETF, 4,483.87 for S&P, 35,091.13 for Dow
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| Barrier levels: | $115.43 for ETF, 3,138.709 for S&P, 24,563.791 for Dow; 70% of initial levels
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 10
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.94045%
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| Cusip: | 48133CJ37
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