Published on 4/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.65 million capped accelerated barrier notes on S&P, Russell
By William Gullotti
Buffalo, N.Y., April 7 – JPMorgan Chase Financial Co. LLC priced $1.65 million of 0% capped accelerated barrier notes due April 4, 2024 linked to the least performing of 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 200% of the return of the worst performing index, subject to a maximum payout of par plus 29.5%.
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.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying indexes: | S&P 500 index, Russell 2000 index
|
| Amount: | $1,649,000
|
| Maturity: | April 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus 200% of the return of the worst performing index capped at 29.5%; 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: | 4,530.41 for S&P, 2,070.125 for Russell
|
| Barrier levels: | 3,171.287 for S&P, 1,449.0875 for Russell; 70% of initial levels
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.32817%
|
| Cusip: | 48133DKC3
|
|
|
© 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.
