Published on 3/12/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $938,000 capped accelerated barrier notes on indexes
By Taylor Fox
New York, March 12 – JPMorgan Chase Financial Co. LLC priced $938,000 of 0% capped accelerated barrier notes due Feb. 29, 2024 linked to the lesser performing of the Dow Jones industrial average, S&P 500 index 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 2 times the return of the worst performing index, up to par plus 47%.
If either index falls but each index finishes at or above its barrier level, 70% of its initial level, the payout will be par.
If either index finishes below its barrier level, 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: | Dow Jones industrial average, S&P 500, Russell 2000
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| Level: | $938,000
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| Maturity: | Feb. 29, 2024
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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 2 times the return of the worst performing index, up to par plus 47%; if either index falls but each index finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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| Initial index levels: | 30,932.37 for Dow, 2,201.051 for Russell, 3,811.15 for S&P
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| Barrier levels: | 21,652.659 for Dow, 1,540.7357 for Russell, 2,667.805 for S&P; 70% of initial levels
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| Pricing date: | Feb. 26
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| Settlement date: | March 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.67324%
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| Cusip: | 48132RSV3
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