Published on 11/22/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.01 million capped dual directional accelerated barriers on indexes
Chicago, Nov. 22 – JPMorgan Chase Financial Co. LLC priced $4.01 million of 0% capped dual directional accelerated barrier notes due March 31, 2026 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus two times the gain of the worst performer if all indexes finish positive, with a maximum return of par plus 51%
If the worst performing index falls but not beyond the 60% barrier level, the payout will be par plus the half the absolute value of the index return for that index.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional accelerated barrier notes
|
| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and the S&P 500 index
|
| Amount: | $4,010,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times index gain of worst performer, capped at 51%, if all indexes finish positive; if worst performing index falls but is above barrier level, par plus the 50% of the absolute value of return of that index; otherwise, 1% loss for each 1% decline below initial level of worst performer
|
| Initial index levels: | 2,221.482 for Russell, 3,974.54 for S&P, 33,072.88 for Dow
|
| Barrier levels: | 1,332.8892 for Russell, 2,384.724 for S&P, 19,843.728 for Dow; 60% of initial levels
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.11752%
|
| Cusip: | 48132TKR6
|
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