Published on 3/2/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.02 million capped buffered return enhanced notes on Nasdaq, S&P, Dow
By Wendy Van Sickle
Columbus, Ohio, March 2 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped buffered return enhanced notes due March 22, 2022 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.5 times the return of the least-performing index, capped at par plus 12.5%.
If either index finishes flat or falls by up to 15% of its initial level, the payout will be par.
If either index falls by more than 15%, investors will lose 1% for every 1% that the least-performing index declines beyond the buffer.
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: | Capped buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and the S&P 500 index
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| Amount: | $1,015,000
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| Maturity: | March 22, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, the payout at maturity will be par plus 1.5 times the return of the least-performing index, capped at par plus 12.5%; if either index finishes flat or falls by up to 15% of its initial level, the payout will be par; if either index falls by more than 15%, investors will lose 1% for every 1% that the least-performing index declines beyond the buffer.
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| Initial levels: | 31,613.02 for Dow, 13,699.71 for Nasdaq and 3,931.33 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.35554%
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| Cusip: | 48132R4X5
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