Published on 3/8/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $685,000 uncapped accelerated barrier notes on Euro Stoxx, Stoxx Europe
By Wendy Van Sickle
Columbus, Ohio, March 8 – JPMorgan Chase Financial Co. LLC priced $685,000 of 0% uncapped accelerated barrier notes due Feb. 24, 2027 linked to the least performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.85 times the return of the worst performing index.
If any index falls but each index finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
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 indexes: | Euro Stoxx 50 index, Stoxx Europe 600 index
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Amount: | $685,000
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Maturity: | Feb. 24, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 1.85 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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Initial index levels: | 3,713.46 for Euro Stoxx, 414.88 for Stoxx Europe
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Barrier levels: | 2,599.422 for Euro Stoxx, 290.416 for Stoxx Europe; 70% of initial levels
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Pricing date: | Feb. 19
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Settlement date: | Feb. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.25%
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Cusip: | 48132RTM2
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