Published on 3/18/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $9.01 million uncapped digital accelerated barrier notes on ETF, indexes
By Wendy Van Sickle
Columbus, Ohio, March 18 – JPMorgan Chase Financial Co. LLC priced $9.01 million of 0% uncapped digital accelerated barrier notes due March 13, 2024 linked to the lesser performing of the Nasdaq-100 index, iShares MSCI Emerging Markets ETF 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 asset finishes at or above its initial level, the payout at maturity will be par plus 48.5% plus 1.75 times any return of the worst performing asset beyond 48.5%.
If any asset falls but each asset 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 asset.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped digital accelerated barrier notes
|
| Underlying assets: | Nasdaq-100 index, iShares MSCI Emerging Markets ETF and the Russell 2000 index
|
| Amount: | $9,011,000
|
| Maturity: | March 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset finishes at or above its initial level, par plus 48.5% plus 1.75 times any return of the worst performing asset beyond 48.5%; if any asset falls but all assets finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing asset
|
| Initial levels: | 12,99.08 for Nasdaq, $752.38 for iShares and 2,202.985 for Russell
|
| Barrier levels: | 8,609.356 for Nasdaq, $36.666 for iShares and 1,542.0895 for Russell, 70% of initial levels
|
| Pricing date: | March 8
|
| Settlement date: | March 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TAX4
|
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