Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.27 million capped dual directional buffered equity notes on indexes
By William Gullotti
Buffalo, N.Y., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $1.27 million of capped dual directional buffered equity notes due April 18, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the least-performing index’s return, subject to a maximum upside return of 61%.
If the final level of the least-performing is flat or falls by up to 20%, the payout will be par plus the absolute value of the least-performing index’s return.
If the final level of any index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
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: | Capped dual directional buffered equity notes
|
| Underlying indexes: | S&P 500, Russell 2000, Nasdaq-100
|
| Amount: | $1,269,000
|
| Maturity: | April 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus least-performing index’s return, subject to maximum upside return of 61%; if final level of least-performing index is equal to initial level or is less than initial level by up to 20%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Initial levels: | 4,170.42 for S&P, 2,257.068 for Russell, 14,026.19 for Nasdaq
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | April 15
|
| Settlement date: | April 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132TRR9
|
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