Published on 9/29/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $410,000 uncapped dual directional barrier notes on index, ETF
By Kiku Steinfeld
Chicago, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $410,000 of 0% uncapped dual directional accelerated barrier notes due Sept. 18, 2026 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performing asset.
If any asset finishes flat or falls by no more than the 70% barrier level, the payout will be par plus the absolute value of the lesser-performing asset’s return.
Otherwise, investors will be fully exposed to the decline of the worst performing asset.
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 dual directional accelerated barrier notes
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| Underlying assets: | Euro Stoxx 50 index, iShares MSCI EAFE ETF
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| Amount: | $410,000
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| Maturity: | Sept. 18, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset finishes above its initial level, par plus 1.5 times the return of worst performing asset; if any asset finishes flat or falls by no more than barrier level, par absolute value of the lesser-performing asset’s return; otherwise, investors will be fully exposed to decline of worst performing asset
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| Initial levels: | 4,145.94 for index and $81.70 for ETF
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| Barrier levels: | 2,902.158 for index and $57.19 for ETF, 70% of initial levels
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48132WTQ2
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