Published on 5/31/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.24 million digital barrier notes linked to energy fund
Chicago, May 31 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 0% digital barrier notes due Dec. 15, 2022 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF ends above its initial level the payout at maturity will be par plus 8.55%. The payout will be par if the fund declines but finishes above its 65% barrier level. Otherwise, investors will lose 1% for every 1% that the ETF declines if it finishes below the barrier.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Digital barrier notes
|
Underlying ETF: | Energy Select Sector SPDR Fund
|
Amount: | $1.24 million
|
Maturity: | Dec. 15, 2022
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If ETF finishes at or above its initial level, par plus 8.55%; par if fund declines but finishes above barrier level; otherwise, 1% loss for every 1% that ETF declines if it finishes below its barrier
|
Initial level: | $57.55
|
Digital payment: | 8.55%
|
Barrier: | $37.4075, 65% of initial level
|
Pricing date: | Nov. 12, 2021
|
Settlement date: | Nov. 17, 2021
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.41804%
|
Cusip: | 48132YPV1
|
|
© 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.