Published on 5/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 capped barrier notes on S&P, Dow, Nasdaq
Chicago, May 12 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped barrier notes due Oct. 10, 2024 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 423B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the least performing index’s return, subject to a maximum gain of par plus 53.25%.
If the least performing index falls by up to 60%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the least-performing index declines 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: | Capped barrier notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
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| Amount: | $500,000
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| Maturity: | Oct. 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus least performing index’s return, capped at par plus 53.25%; if final level of least-performing index is less than initial level by up to 60%, par; otherwise, 1% loss for every 1% that least-performing index declines from its initial level
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| Initial levels: | 14,674.15 for Nasdaq, 34,314.67 for Dow, 4,345.72 for S&P
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| Barrier levels: | 8,804.49 for Nasdaq, 20,588.802 for Dow, 2,607.432 for S&P; 60% of initial levels
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| Pricing date: | Oct. 5, 2021
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| Settlement date: | Oct. 8, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48132WE70
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