Published on 6/13/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.37 million uncapped accelerated barrier notes on indexes
Chicago, June 13 – JPMorgan Chase Financial Co. LLC priced $1.37 million of 0% uncapped accelerated barrier notes due Dec. 3, 2026 linked to the least performing of the S&P 500 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 144% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing index declines if it closes below its barrier.
The notes are guaranteed by JPMorgan Chase & Co.
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 accelerated barrier notes
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Underlying indexes: | S&P 500 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $1,374,000
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Maturity: | Dec. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 144% of worst performing index return; par if worst performing index declines but finishes above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial levels: | 34,483.72 for Dow, 2,198.908 for Russell, 4,567.00 for S&P
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Upside leverage: | 144%
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Cap: | None
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Barriers: | 24,138.604 for Dow, 1,539.2356 for Russell, 3.196.90 for S&P, 70% of initial levels
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Pricing date: | Nov. 30, 2021
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Settlement date: | Dec. 3, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95715%
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Cusip: | 48132YLU7
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