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Published on 9/22/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $27,000 capped dual directional buffered equity notes on Dow, Nasdaq

By Kiku Steinfeld

Chicago, Sept. 22 – JPMorgan Chase Financial Co. LLC priced $27,000 of 0% capped dual directional buffered equity notes due July 5, 2024 linked to the lesser performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a maximum upside return of 40%.

If the lowest performer declines, but not more than 27.75%, the payout will be par plus the absolute value of the lesser-performing index’s return.

If the final level of either index is less than its initial level by more than 27.75%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 27.75%.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped dual directional buffered equity notes
Underlying indexes:Dow Jones industrial average and Nasdaq-100
Amount:$27,000
Maturity:July 5, 2024
Coupon:0%
Price:Par
Payout at maturity:If each index finishes above its initial level, par plus the lesser-performing index’s return, subject to a cap of 40%; if the final level of worst performer declines but not more than 27.75%, par plus the absolute value of the lesser-performing index’s return; if either index is less than its initial level by more than 27.75%, 1% loss for every 1% that the lesser-performing index declines beyond 27.75%
Initial levels:34,502.51 for Dow, 14,554.80 for Nasdaq
Buffer levels:87.5% of initial levels
Pricing date:June 30
Settlement date:July 6
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48132UEQ2

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