Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $909,000 dual directional accelerated barrier notes on index, ETFs
Chicago, June 7 – JPMorgan Chase Financial Co. LLC priced $909,000 of 0% uncapped dual directional accelerated barrier notes due Nov. 3, 2026 linked to the least performing of the Dow Jones industrial average, the Technology Select Sector SPDR fund and the Consumer Discretionary Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If all of the assets finish at or above their initial level, the payout at maturity will be par plus 1.2 times any gain in the least performing asset.
If the least performing asset falls by no more than 35% of its initial level, the payout at maturity will be par plus the absolute value of the return of that asset.
Otherwise, investors will lose 1% for each 1% decline of the least performing asset 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 accelerated barrier notes
|
| Underlying assets: | Dow Jones industrial average, Technology Select Sector SPDR fund and Consumer Discretionary Select Sector SPDR fund
|
| Amount: | $909,000
|
| Maturity: | Nov. 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If all assets finish at or above initial level, par plus 1.2 times any gain in least performing asset; if least performing asset falls by no more than 35%; par plus absolute value of that asset’s return; otherwise, 1% loss for each 1% decline of least performing asset from its initial level
|
| Initial levels: | 35,819.56 for Dow, $161.53 for Technology, $201.15 for Consumer
|
| Barrier levels: | 23,282.714 for Dow, $104.9945 for Technology, $130.7475 for Consumer, 65% of initial levels
|
| Pricing date: | Oct. 29, 2021
|
| Settlement date: | Nov. 3, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132YHA6
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
