Published on 3/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $500,000 capped buffered equity notes linked to three indexes
By Kiku Steinfeld
Chicago, March 7 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered equity notes due March 17, 2022 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 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 the final level of each index is greater than its initial level, the payout at maturity will be par plus the least-performing index’s return, capped at 11%.
If the final level of any index is less than its initial level by up to 10%, the payout will be par.
If the final level of any index is less than its initial level by more than 10%, investors will lose 1% for every 1% that the least-performing index declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index, Russell 2000 index
|
| Amount: | $500,000
|
| Maturity: | March 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than its initial level, par plus least-performing index’s return, capped at 11%; if least-performing index falls by up to 10%, par; if final level of any index is less than initial level by more than 10%, 1% loss for every 1% that least-performing index declines beyond 10%
|
| Initial levels: | 15,434.50 for Nasdaq, 34,869.63 for Dow, 2,240.784 for Russell
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Sept. 13
|
| Settlement date: | Sept. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132WRF8
|
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