Published on 7/9/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $768,000 autocallable barrier notes on S&P, Russell, Nasdaq
By William Gullotti
Buffalo, N.Y., July 9 – JPMorgan Chase Financial Co. LLC priced $768,000 of 0% autocallable barrier notes due May 29, 2026 linked to the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically redeemed at par plus an annualized 5% premium if all indexes finish above their initial levels on any annual review date.
If the notes are not called and all indexes close above their initial levels, the payout at maturity will be par plus the return of the least performing index.
If the worst performer declines but finishes above 60% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable barrier notes
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| Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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| Amount: | $768,000
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| Maturity: | May 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If all indexes finish positive, par plus return of worst performer; par if at least one index declines but worst performer finishes above barrier level; otherwise, investors will lose 1% for each 1% decline from the initial level of the least performing index
|
| Call: | At par plus annualized premium of 5% if each index finishes above initial level on any annual review date
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| Initial levels: | 4,188.13 for S&P, 2,205.75 for Russell, 13,657.73 for Nasdaq
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| Trigger levels: | 2,512.878 for S&P, 1,323.45 for Russell, 8,194.638 for Nasdaq; 60% of initial levels
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| Pricing date: | May 25
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| Settlement date: | May 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.12337%
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| Cusip: | 48132T6B7
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