Published on 7/16/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.85 million autocallable accelerated barrier notes on three indexes
By William Gullotti
Buffalo, N.Y., July 16 – JPMorgan Chase Financial Co. LLC priced $1.85 million of 0% autocallable accelerated barrier notes due July 18, 2024 linked to the performance of the Dow Jones industrial average, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the closing price of each index is greater than or equal to its initial value on July 13, 2022, the notes will be automatically called at par plus a 12% call premium.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.7 times the return of the worst performing index.
If any index falls but each index 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 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: | Autocallable accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index, Nasdaq-100 index
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| Amount: | $1,847,000
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| Maturity: | July 18, 2024
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| Coupon: | 0%
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| Price: | Par
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| Automatic call: | If the closing price of each index is greater than or equal to its initial value on July 13, 2022, the notes will be automatically called at par plus a 12% call premium
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.7 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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| Initial index levels: | 34,888.79 for Dow, 2,238.864 for Russell, 14,874.54 for Nasdaq
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| Barrier levels: | 24,422.153 for Dow, 1,567.2048 for Russell, 10,412.178 for Nasdaq; 70% of initial levels
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| Pricing date: | July 13
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| Settlement date: | July 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.67821%
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| Cusip: | 48132UZK2
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