Published on 1/11/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $836,000 capped accelerated barrier notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $836,000 of 0% capped accelerated barrier notes due March 31, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, 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 1.5 times the return of the worst performing index up to a maximum return of 11%.
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: | Capped accelerated barrier notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
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| Amount: | $836,000
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| Maturity: | March 31, 2022
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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 1.5 times the return of the worst performing index up to maximum return of 11%; 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: | 2,007.104 for Russell, 3,690.01 for S&P, 30,129.83 for Dow
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| Barrier levels: | 1,404.9728 for Russell, 2,583.007 for S&P, 21,090.881 for Dow; 70% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.08508%
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| Cusip: | 48132P7E8
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