Published on 12/7/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.19 million review notes on Dow, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., Dec. 7 – JPMorgan Chase Financial Co. LLC priced $4.19 million of 0% review notes due Nov. 3, 2026 linked to the lesser performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 8% if each index closes at or above its initial level on any annual review date.
If the notes are not called, the payout at maturity will be par unless any underlying index falls by more than 30%, in which case investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Review notes
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Underlying indexes: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
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Amount: | $4,191,000
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Maturity: | Nov. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If not called and each index finishes at or above trigger level, par; otherwise, 1% loss for each 1% decline of worst performing index from its initial level
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Call: | At par plus 8% per year if each index closes at or above initial level on any annual review date
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Initial levels: | 35,819.56 for Dow, 2,297.191 for Russell, 15,850.47 for Nasdaq
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Trigger levels: | 25,073.692 for Dow, 1,608.0337 for Russell, 11,095.329 for Nasdaq; 70% of initial levels
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Pricing date: | Oct. 29
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Settlement date: | Nov. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.125%
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Cusip: | 48132YGT6
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