Published on 10/29/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $7.25 million trigger gears linked to index basket
By Kiku Steinfeld
Chicago, Oct. 29 – JPMorgan Chase Financial Co. LLC priced $7.25 million of 0% trigger gears due Oct. 21, 2026 linked to a weighted basket of equity indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket is composed of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 17.5% weight, the Nikkei 225 index with a 25% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
The payout at maturity will be par plus 1.905 times any basket gain.
If the basket finishes flat or falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the basket declines from the initial level.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger gears
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| Underlying indexes: | Euro Stoxx 50 (40% weight), FTSE 100 (17.5% weight), Nikkei 225 (25% weight), Swiss Market (10% weight), S&P/ASX 200 (7.5% weight)
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| Amount: | $7,253,410
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| Maturity: | Oct. 21, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.905 times any basket gain; par if basket finishes flat or falls by up to 25%; otherwise, full exposure to any basket decline from initial level
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| Initial levels: | 4,151.40 for Euro Stoxx, 29,025.46 for Nikkei, 7,203.83 for FTSE, 11,968.08 for Swiss Market, 7,381.068 for S&P/ASX
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| Downside threshold: | 75% of initial basket value
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| Pricing date: | Oct. 18
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| Settlement date: | Oct. 20
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 3.5%
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| Cusip: | 46652Y356
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