Published on 12/27/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $407,000 capped buffered equity notes tied to Dow, Russell, S&P
By Taylor Fox
New York, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $407,000 of 0% capped buffered equity notes due June 24, 2022 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the least performing index, capped at par plus 15.15%.
If any index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the least performing index declines beyond 20%.
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: | Capped buffered equity notes
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Underlying indexes: | S&P 500 index, Dow Jones industrial average and Russell 2000 index
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Amount: | $407,000
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Maturity: | June 24, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the return of the least performing index, capped at par plus 15.15%; if any index falls by up to 20%, par; 1% loss for every 1% that the least performing index declines beyond 20%
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Initial levels: | 3,694.92 for S&P, 1,970.329 for Russell and 30,216.45 for Dow
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Buffer levels: | 80% of initial levels
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Pricing date: | Dec. 21
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Settlement date: | Dec. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48132PU44
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