Published on 11/6/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.21 million uncapped accelerated barrier notes on indexes, ETF
By Kiku Steinfeld
Chicago, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $2.21 million of 0% uncapped accelerated barrier notes due Oct. 14, 2026 linked to the lesser 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 underlier finishes at or above its initial level, the payout at maturity will be par plus double the return of the lesser performing underlier.
If any underlier falls but each underlier 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 performer.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped accelerated barrier notes
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Underlying assets: | Dow Jones industrial average, Nasdaq-100 index, iShares Russell 2000 Value ETF
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Amount: | $2,205,000
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Maturity: | Oct. 14, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each underlier finishes at or above its initial level, par plus two times the return of the lesser performing underlier; if any underlier falls but all underliers finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
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Initial levels: | $164.11 for ETF, 34,746.25 for Dow, 14,820.75 for Nasdaq
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Barrier levels: | $114.877 for ETF, 24,322.375 for Dow, 10,374.525 for Nasdaq; 70% of initial levels
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Pricing date: | Oct. 8
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Settlement date: | Oct. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.02041%
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Cusip: | 48132W4Y2
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