Published on 4/19/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $3.3 million uncapped accelerated barrier notes on weighted index basket
By William Gullotti
Buffalo, N.Y., April 19 – JPMorgan Chase Financial Co. LLC priced $3.3 million of 0% uncapped accelerated barrier notes due April 19, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes at or above its initial level, the payout at maturity will be par plus 2.42 times the return.
If the basket declines but finishes at or above the 80% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
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 accelerated barrier notes
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| Underlying basket: | Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
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| Amount: | $3.3 million
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| Maturity: | April 19, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes at or above its initial level, par plus 2.42 times the return of the basket; if the basket declines no farther than the barrier level, par; otherwise, investors will be fully exposed to the decline of the basket from its initial level
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| Initial index levels: | 3,848.68 for Stoxx, 27,172.0 for Nikkei, 7,616.38 for FTSE, 12,475.08 for Swiss Market, 7,523.431 for S&P/ASX
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| Barrier level: | 80% of initial level
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| Pricing date: | April 14
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133FC86
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