Published on 5/29/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $786,000 capped return enhanced notes on S&P, Russell
By Kiku Steinfeld
Chicago, June 1 – JPMorgan Chase Financial Co. LLC priced $786,000 of 0% capped return enhanced notes due July 11, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 3 times the return of the least-performing index, capped at 19.4%.
Investors will be fully exposed to any loss of the least-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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 return enhanced notes
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $786,000
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Maturity: | July 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 3 times return of least-performing index, capped at 19.4%; 1% loss for every 1% that least-performing index declines
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Initial levels: | 4,201.62 for S&P, 2,241.421 for Russell
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Pricing date: | May 6
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Settlement date: | May 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.15%
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Cusip: | 48132TG67
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