Published on 8/25/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 contingent interest notes on Nasdaq, S&P, Russell
By Taylor Fox
New York, Aug. 25 – JPMorgan Chase Financial Co. LLC priced $500,000 of contingent interest notes due Nov. 16, 2021 tied to the least performing of the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Each quarter, the notes will pay a contingent coupon at the rate of 4.65% per year if each index closes at or above its interest barrier level, 50% of its initial level, on the review date for that period.
The payout at maturity will be par unless any index finishes below its trigger level, 50% of its initial level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level.
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.
|
| Issue: | Contingent interest notes
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and S&P 500 index
|
| Amount: | $500,000
|
| Maturity: | Nov. 16, 2021
|
| Coupon: | 4.65% per year, payable quarterly if each index closes at or above interest barrier level on review date for that period
|
| Price: | Par
|
| Payout at maturity: | Par unless any index finishes below trigger level, in which case investors will lose 1% for every 1% that the least-performing index finishes below its initial level
|
| Initial levels: | 3,909.88 for S&P, 13,655.27 for Nasdaq and 2,282.441 for Russell
|
| Interest barrier levels: | 1,954.94 for S&P, 6,827.635 for Nasdaq and 1,141.2205 for Russell; 50% of initial levels
|
| Triggers levels: | 1,954.94 for S&P, 6,827.635 for Nasdaq and 1,141.2205 for Russell; 50% of initial levels
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132R2Z2
|
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