Published on 1/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.54 million uncapped dual directional accelerated barrier notes
By William Gullotti
Buffalo, N.Y., Jan. 21 – JPMorgan Chase Financial Co. LLC priced $1.54 million of 0% uncapped dual directional accelerated barrier notes Sept. 1, 2026 linked to the S&P 500 index and the Russell 2000 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 1.27 times the gain of the worst performer, if each index finishes above their initial levels.
If any index falls but each index finishes at or above 70% of its initial level, the payout will be par plus 0.5 times the absolute value of the lesser performing index return.
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.
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| Issue: | Uncapped dual directional accelerated barrier notes
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| Underlying indexes: | Russell 2000 index, S&P 500 index
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| Amount: | $1,535,000
|
| Maturity: | Sept. 1, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If all indexes finish above initial level, par plus 1.27 times return of worst performer; if any index declines but neither finishes below barrier level, par plus 0.5 times the absolute value of lesser performing index return; otherwise, 1% loss for each 1% decline of worst performer from initial level
|
| Initial index levels: | 4,509.37 for S&P, 2,277.151 for Russell
|
| Barrier levels: | 3,156.559 for S&P, 1,594.0057 for Russell; 70% of initial levels
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| Pricing date: | Aug. 27
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| Settlement date: | Sept. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6649%
|
| Cusip: | 48132WHA0
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