Published on 10/29/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $551,000 capped accelerated barrier notes on Russell, S&P, Dow
By William Gullotti
Buffalo, N.Y., Oct. 29 – JPMorgan Chase Financial Co. LLC priced $551,000 of 0% capped accelerated barrier notes due Aug. 1, 2024 linked to the least performing of the Dow Jones industrial average, 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 1.5 times the return of the worst performing index, up to par plus 30%.
If any index falls but each index finishes at or above its barrier level, 70% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
|
| Amount: | $551,000
|
| Maturity: | Aug. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.5 times the return of the worst performing index, up to par plus 30%; 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: | 35,058.52 for Dow, 4,401.46 for S&P, 2,191.833 for Russell
|
| Barrier levels: | 24,540.964 for Dow, 3,081.022 for S&P, 1,534.2831 for Russell; 70% of initial levels
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132UVV2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
