Published on 12/14/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.17 million uncapped accelerated barrier notes on assets, ETF
By Emma Trincal
New York, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $4.17 million of 0% uncapped accelerated barrier notes due Dec. 14, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 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.
If each asset finishes at or above its initial level, the payout at maturity will be par plus two times the return of the worst performing asset.
If any asset falls but each asset finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped accelerated barrier notes
|
| Underlying assets: | Dow Jones industrial average, Nasdaq-100 index and iShares Russell 2000 Value ETF
|
| Amount: | $4,166,000
|
| Maturity: | Dec. 14, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes at or above its initial level, par plus two times the return of the worst performing asset; if any asset falls but all assets finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing asset from its initial level
|
| Initial levels: | 35,754.69 for Dow, 16,149.57 for Nasdaq, $163.95 for iShares ETF
|
| Barrier levels: | 25,028.283 for Dow, 11,304.699 for Nasdaq, $114.765 for iShares ETF; 70% of initial levels
|
| Pricing date: | Dec. 9
|
| Settlement date: | Dec. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.05494%
|
| Cusip: | 48132YJ22
|
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