Published on 9/9/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $325,000 autocallable contingent buffered digital notes on Nasdaq, Russell
By Sarah Lizee
Olympia, Wash., Sept. 9 – JPMorgan Chase Financial Co. LLC priced $325,000 of 0% autocallable contingent buffered digital notes due Sept. 13, 2021 linked to the least performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 3% if each index closes at or above its initial level on the review date, March 4, 2021.
If the notes are not called and each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the contingent 5% digital return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Autocallable contingent buffered digital notes
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| Underlying indexes: | Nasdaq-100 and Russell 2000
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| Amount: | $325,000
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| Maturity date: | Sept. 13, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the notes are not called and each index finishes at or above 60% of its initial level, par plus the contingent 5% digital return; otherwise, investors will lose 1% for each 1% decline of the worse performing index
|
| Call: | Automatically at par plus a call premium of 3% if each index closes at or above its initial level on the review date, March 4, 2021
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| Initial levels: | 11,622.13 for Nasdaq, 1,535.304 for Nasdaq
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| Contingent buffer levels: | 60% of initial levels
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| Pricing date: | Sept. 4
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| Settlement date: | Sept. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
|
| Cusip: | 48132MH95
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