Published on 2/10/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.44 million capped accelerated barrier notes on three indexes
By William Gullotti
Buffalo, N.Y., Feb. 10 – JPMorgan Chase Financial Co. LLC priced $1.44 million of 0% capped accelerated barrier notes due Aug. 10, 2023 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 are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performing index, subject to a maximum payout of par plus 36%.
If any index falls but each index finishes at or above its barrier level, 70% of its initial level, the payout will be par.
If any index finishes below its barrier level, investors will be fully exposed to the decline of the least performing index from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
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| Amount: | $1,445,000
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| Maturity: | Aug. 10, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.5 times the return of the worst performing index capped at 36%; if any index falls but each index finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
|
| Initial index levels: | 14,571.25 for Nasdaq, 4,483.87 for S&P, 2,012.599 for Russell
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| Barrier levels: | 10,199.875 for Nasdaq, 3,138.709 for S&P, 1,408.8193 for Russell; 70% of initial levels
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 10
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.68192%
|
| Cusip: | 48133C3X8
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