Published on 12/7/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $4.04 buffered return enhanced autocalls on Russell, S&P, Nasdaq
Chicago, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $4.04 million of 0% autocallable buffered return enhanced notes due April 2, 2026 linked to the least 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 called at par plus 10% if each index closes at or above its initial level on March 30, 2022.
If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain of the worst performing index.
If any index falls but no index falls by more than the 25% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable dual directional buffered return enhanced notes
|
| Underlying indexes: | Nasdaq-100, Russell 2000 and S&P 500
|
| Amount: | $4,040,000
|
| Maturity: | April 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus a premium of 10% if each index closes at or above initial level on March 30, 2022
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.1 times the gain of the worst performing index; if either index falls by up to 25%, par; otherwise, 1% loss for each 1% decline of worst performing index beyond buffer
|
| Initial index levels: | 3,971.09 for S&P 500, 2,158.682 for Russell and 12,965.74 for Nasdaq
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | March 29
|
| Settlement date: | April 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.00897%
|
| Cusip: | 48132TLS3
|
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