Published on 1/16/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $877,000 autocallable buffered return enhanced notes S&P, Dow, Nasdaq
By Kiku Steinfeld
Chicago, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $877,000 of 0% autocallable buffered return enhanced notes due July 13, 2022 linked to the lesser performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a yearly 12.05% call return if each index closes above its initial level on any quarterly review date.
If each index finishes above its initial level, the payout at maturity will be par plus 1.2 times the gain of the worse performing index.
Investors will receive par if each index falls by up to 10% and will lose 1% for every 1% decline of the worse performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
JPMorgan Securities Inc. is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable buffered return enhanced notes
|
| Underlying indexes: | S&P 500 index, Nasdaq-100 index and Dow Jones industrial average
|
| Amount: | $877,000
|
| Maturity: | July 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 12.05% yearly if each index closes above initial level on any quarterly review date
|
| Payout at maturity: | If each index gains, par plus 1.2 times the return of the worse performing index; par if each index falls by up to 10%; 1% loss for every 1% decline of the worse performing index beyond the buffer
|
| Initial levels: | 13,105.20 for Nasdaq, 3,824.68 for S&P, 31,097.97 for Dow
|
| Buffer levels: | 90% of initial level
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132RFM7
|
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