Published on 11/17/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.7 million uncapped dual directional accelerated barrier notes
By William Gullotti
Buffalo, N.Y., Nov. 17 – JPMorgan Chase Financial Co. LLC priced $1.7 million of 0% uncapped dual directional accelerated barrier notes Nov. 16, 2026 linked to the iShares Russell 2000 Value ETF, the S&P 500 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.
If each underlier finishes at or above initial levels, the payout at maturity will be par plus 1.12 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 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, Nasdaq-100 index, iShares Russell 2000 Value ETF
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Amount: | $1,701,000
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Maturity: | Nov. 16, 2026
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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 1.12 times return of worst performer; if any underlier declines but none finish below barrier level, par plus absolute value of worst performer; otherwise, 1% loss for each 1% decline below initial level of worst performer
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Initial index levels: | $173.90 for ETF, 4,646.71 for S&P, 15,985.57 for Nasdaq
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Barrier levels: | $121.73 for ETF, 3,252.697 for S&P, 11,189.899 for Nasdaq; 70% of initial levels
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Pricing date: | Nov. 10
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Settlement date: | Nov. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48132YSC0
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