Published on 10/17/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.87 million autocallable accelerated barrier notes on three indexes
By Kiku Steinfeld
Chicago, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $1.87 million of 0% autocallable accelerated barrier notes due Sept. 27, 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 level of each index is greater than or equal to its initial value on Oct. 24, 2022, the notes will be automatically called at par plus a 10% call premium.
If, the payout at maturity will be par plus 3.25 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: | $1,867,000
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Maturity: | Sept. 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 3.25 times return of worst performing index; if any index falls but all finish at or above barrier level, par; otherwise, exposure to decline of worst performing index
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Automatic call: | If closing level of each index is greater than or equal to its initial value on Oct. 24, 2022, par plus 10%
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Initial index levels: | 34,798.00 for Dow, 2,248.075 for Russell, 15,329.68 for Nasdaq
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Barrier levels: | 24,358.60 for Dow, 1,573.6525 for Russell, 10,730.776 for Nasdaq; 70% of initial levels
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Pricing date: | Sept. 24
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Settlement date: | Sept. 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65426%
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Cusip: | 48132WUZ0
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