Published on 4/28/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan Chase sells $12.79 million capped airbag gears tied to MSCI EAFE
By Wendy Van Sickle
Columbus, Ohio, April 28 – JPMorgan Chase Financial Co. LLC. priced $12.79 million of 0% capped airbag gears due Oct. 27, 2022 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index return, capped at par plus 15.3%. Investors will receive par if the index falls by up to 10% and will lose 1.11111% for each 1% index decline beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped airbag gears
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| Underlying index: | MSCI EAFE
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| Amount: | $12,792,000
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| Maturity: | Oct. 27, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 15.3%; par if the index falls by up to 10%; 1.11111% loss for each 1% index decline beyond 10%
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| Initial index level: | 2,287.85
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| Buffer level: | 2,059.07 for 90% of initial level
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| Pricing date: | April 23
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| Settlement date: | April 29
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| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 48132V275
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