Published on 2/11/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $340,000 uncapped dual directional buffered notes on S&P, Russell
By Kiku Steinfeld
Chicago, Feb. 11 – JPMorgan Chase Financial Co. LLC priced $340,000 of 0% uncapped dual directional buffered return enhanced notes due Feb. 5, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the return of the laggard index is positive, the payout at maturity will be par plus 1.0965 times the laggard index’s return.
If the laggard index falls by up to 15%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for every 1% that the laggard index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped dual directional buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $340,000
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Maturity: | Feb. 5, 2026
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.0965 times any gain of laggard index; if laggard index falls by up to 15%, par plus the absolute value of its return; otherwise, 1% loss for every 1% that laggard index declines beyond 15%
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Initial values: | 4,515.55 for S&P, 2,028.453 for Russell
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Buffer levels: | 85% of initial values
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Pricing date: | Jan. 31
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Settlement date: | Feb. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48133CZD7
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