Published on 6/9/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $385,000 capped buffered equity notes linked to three indexes
By William Gullotti
Buffalo, N.Y., June 9 – JPMorgan Chase Financial Co. LLC priced $385,000 of 0% capped buffered equity notes due Nov. 17, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus the least performing index’s return, capped at 19.4%.
If the final level of either index is less than its initial level by up to 18%, investors will receive par.
If the final level of either index is less than its initial level by more than 18%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 18%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying indexes: | Russell 2000 index, S&P 500 index, Nasdaq-100 index
|
| Amount: | $385,000
|
| Maturity: | Nov. 17, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than its initial level, par plus lesser-performing index’s return, capped at 19.4%; if lesser-performing index falls by up to 18%, par; if final level of either index is less than initial level by more than 18%, 1% loss for every 1% that lesser-performing index declines beyond 18%
|
| Initial levels: | 2,170.95 for Russell, 4,112.5 for S&P, 13,109.15 for Nasdaq
|
| Buffer levels: | 82% of initial levels
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132TT71
|
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