Published on 11/3/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $989,000 autocallable barrier notes on Nasdaq, Russell
By Kiku Steinfeld
Chicago, Nov. 3 – JPMorgan Chase Financial Co. LLC priced $989,000 of 0% autocallable barrier notes due July 31, 2023 linked to the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus 6% if both indexes finish at or above their initial levels on July 26, 2023.
If the notes are not called and both indexes gain, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes at or above 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index.
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.
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| Issue: | Autocallable barrier notes
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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| Amount: | $989,000
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| Maturity: | July 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both indexes gain, par plus return of worst performer; par if at least one index declines but the other finishes at or above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
|
| Call: | At par plus 6% if each index finishes at or above its initial level on July 26, 2023
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| Initial index levels: | 14,956.97 for Nasdaq, 2,191.833 for Russell
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| Barrier levels: | 10,469.879 for Nasdaq, 1,534.2831 for Russell, 70% of initial levels
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| Pricing date: | July 27
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| Settlement date: | July 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.40521%
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| Cusip: | 48132UVM2
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