Published on 7/20/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2 million uncapped accelerated barrier notes on Dow, S&P, Russell
By William Gullotti
Buffalo, N.Y., July 20 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% uncapped accelerated barrier notes due May 31, 2024 linked to the least performing of the Dow Jones industrial average, the 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 1.3 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: | Uncapped accelerated barrier notes
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Underlying indexes: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
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Amount: | $2,000,000
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Maturity: | May 31, 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 1.3 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: | 34,464.64 for Dow, 4,200.88 for S&P, 2,273.073 for Russell
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Barrier levels: | 24,125.248 for Dow, 2,940.616 for S&P, 1,591.1511 for Russell; 70% of initial levels
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.82398%
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Cusip: | 48132T6K7
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