Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.58 million capped accelerated barrier notes on Russell, S&P
By Kiku Steinfeld
Chicago, Aug. 30 – JPMorgan Chase Financial Co. LLC priced $1.58 million of 0% capped accelerated barrier notes due June 30, 2023 linked to the least performing of 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 2 times the return of the worst performing index, up to par plus 21.5%.
If any index falls but each index finishes at or above its barrier level, 75% of its initial level, the payout will be par.
If any index finishes below its barrier level, investors will be fully exposed to the decline of the least 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: | Capped accelerated barrier notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $1,579,000
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| Maturity: | June 30, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 2 times the return of the worst performing index, up to par plus 21.5%; if any index falls but each index finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Initial index levels: | 4,297.50 for S&P, 2,310.549 for Russell
|
| Barrier levels: | 3,223.125 for S&P, 1,732.91175 for Russell; 75% of initial levels
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| Pricing date: | June 30
|
| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.30351%
|
| Cusip: | 48132UGU1
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