Published on 8/18/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.39 million autocallable accelerated barrier notes on three indexes
By William Gullotti
Buffalo, N.Y., Aug. 18 – JPMorgan Chase Financial Co. LLC priced $1.39 million of 0% autocallable accelerated barrier notes due June 20, 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 June 20, 2022, the notes will be automatically called at par plus a 20% call premium.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.55 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 from its initial level.
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: | $1,387,000
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| Maturity: | June 20, 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 1.55 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
|
| Automatic call: | If the closing price of each index is greater than or equal to its initial value on June 20, 2022, the notes will be automatically called at par plus a 20% call premium
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| Initial index levels: | 33,823.45 for Dow, 2,287.46 for Russell, 14,163.81 for Nasdaq
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| Barrier levels: | 23,676.415 for Dow, 1,601.222 for Russell, 9,914.667 for Nasdaq; 70% of initial levels
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| Pricing date: | June 17
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.66521%
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| Cusip: | 48132UB44
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