Published on 2/4/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $997,000 capped accelerated barrier notes on three indexes
By Kiku Steinfeld
Chicago, Feb. 4 – JPMorgan Chase Financial Co. LLC priced $997,000 of 0% capped accelerated barrier notes due July 31, 2023 linked to the lesser performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, 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 par plus 30%.
If either index falls but each index finishes at or above its barrier amount, 70% of its initial level, the payout will be par.
If either index finishes below its barrier amount, investors will be fully exposed to the decline of the lesser 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, Russell 2000, Dow Jones industrial average
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| Amount: | $997,000
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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 each index finishes at or above its initial level, par plus 1.5 times the return of the worst performing index, up to par plus 30%; if either index falls but each index finishes at or above its barrier amount, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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| Initial index levels: | 30,937.04 for Dow, 2,149.856 for Russell, 3,849.62 for S&P
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| Barrier levels: | 21,655.928 for Dow, 1,504.8992 for Russell, 2,694.734 for S&P; 70% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48132RDD9
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