Published on 8/19/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $980,000 digital barrier notes linked to Russell, Nasdaq, S&P
By William Gullotti
Buffalo, N.Y., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $980,000 of 0% digital barrier notes due April 8, 2022 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing index finishes at or above its digital barrier, 70% of its initial level, the payout at maturity will be par plus the digital upside return of 3.15%.
If the least performing index finishes below the 70% digital barrier but at or above its barrier, 60% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital barrier notes
|
| Underlying indexes: | S&P 500, Nasdaq-100 index and Russell 2000
|
| Amount: | $980,000
|
| Maturity: | April 8, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the least performing index finishes at or above its digital barrier, 70% of its initial level, par plus 3.15%; if the lesser performing index finishes below digital barrier but at or above its barrier, 60% of its initial level, par; otherwise, full exposure to the decline of the worst performing index from its initial level
|
| Initial levels: | 4,152.1 for S&P, 2,206.987 for Russell, 13,351.27 for Nasdaq
|
| Digital barrier level: | 2,906.47 for S&P, 1,544.8909 for Russell, 9,345.889 for Nasdaq; 70% of initial levels
|
| Barrier levels: | 2,491.26 for S&P, 1,324.1922 for Russell, 8,010.762 for Nasdaq; 60% of initial levels
|
| Pricing date: | May 11
|
| Settlement date: | May 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132TM78
|
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