Published on 9/9/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $625,000 autocallable yield notes on Nasdaq, S&P, Russell
By William Gullotti
Buffalo, N.Y., Sept. 9 – JPMorgan Chase Financial Co. LLC priced $625,000 of 6.45% autocallable yield notes due Feb. 15, 2023 linked to the worst performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will be payable monthly.
The notes will be called at par plus coupon if each index closes at or above its initial level on any monthly review date after six months.
If the notes have not been called, the payout at maturity will be par unless any index closes below its 65% trigger value during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable yield notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
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| Amount: | $625,000
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| Maturity: | Feb. 15, 2023
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| Coupon: | 6.45%, payable monthly
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its trigger value during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
|
| Call: | At par plus coupon if each index closes at or above the initial level on any monthly review date after six months
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| Initial levels: | 15,053.58 for Nasdaq, 2,239.363 for Russell, 4,436.75 for S&P
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| Trigger levels: | 9,784.827 for Nasdaq, 1,455.58595 for Russell, 2,883.8875 for S&P; 65% of initial levels
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| Pricing date: | Aug. 10
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| Settlement date: | Aug. 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.725%
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| Cusip: | 48132WBF5
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