Published on 12/27/2020 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $6.12 million digital barrier notes linked to Russell, S&P
By Taylor Fox
New York, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $6.12 million of 0% digital barrier notes due Jan. 26, 2022 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.
If the least performing index finishes at or above its 70% of its initial level, the payout at maturity will be par plus the digital upside return of 7.25%.
If the worst performer finishes below 70% of its initial level, the payout will be par plus the return.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $6,117,000
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Maturity: | Jan. 26, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the lesser performing index finishes at or above its 70% of its initial level, par plus 7.25%; if the lowest performer finishes below 70% of its initial level, full exposure to decline of worst performer
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Initial levels: | 3,694.92 for S&P, 1,970.329 for Russell
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Barrier levels: | 2,586.444 for S&P, 1,379.2303 for Russell, 70% of initial levels
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Pricing date: | Dec. 21
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Settlement date: | Dec. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132PR30
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