Published on 2/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $323,000 uncapped accelerated barrier notes on S&P, Russell, Dow
By Kiku Steinfeld
Chicago, Feb. 7– JPMorgan Chase Financial Co. LLC priced $323,000 of 0% uncapped accelerated barrier notes due Sept. 3, 2026 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 1.325 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.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped accelerated barrier notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index, Dow Jones industrial average
|
| Amount: | $323,000
|
| Maturity: | Sept. 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.325 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Initial index levels: | 35,360.73 for Dow, 2,273.774 for Russell 2000 and 4,522.68 for S&P 500
|
| Barrier levels: | 24,752.511 for Dow, 1,591.6418 for Russell 2000 and 3,165.876 for S&P 500; 70% of initial levels
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.78831%
|
| Cusip: | 48132UQ63
|
© 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.
