Published on 2/27/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $475,000 uncapped dual directional digital barrier notes tied to indexes
By Kiku Steinfeld
Chicago, March 1 – JPMorgan Chase Financial Co. LLC priced $475,000 of 0% uncapped dual directional digital barrier notes due Feb. 20, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus the greater of any gain in the least performing index and 21%.
If the least performing index falls by no more than 30% of its initial level, the payout at maturity will be par plus the absolute value of the return of that index.
Otherwise, investors will lose 1% for each 1% decline of the least performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional digital barrier notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and the Nasdaq-100 index
|
| Amount: | $475,000
|
| Maturity: | Feb. 20, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus greater of any gain in least performing index and 21%; if least performing index falls by no more than 30%; par plus absolute value of that index’s return; otherwise, 1% loss for each 1% decline of least performing index from its initial level
|
| Initial levels: | 31,522.75 for Dow, 13,773.77 for Nasdaq, 2,272.891 for Russell
|
| Barrier levels: | 22,065.925 for Dow, 9,641.639 for Nasdaq, 1,591.02237 for Russell, 70% of initial levels
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48132R3B4
|
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