Published on 7/20/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $646,000 uncapped dual directional accelerated barrier notes on indexes
By William Gullotti
Buffalo, N.Y., July 20 – JPMorgan Chase Financial Co. LLC priced $646,000 of 0% uncapped dual directional accelerated barrier notes May 29, 2026 linked to the S&P 500 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.05 times the gain of the worst performer, if both indexes finish above their initial levels.
If either index falls but each index finishes at or above 70% of its initial level, the payout will be par plus the absolute value of the lesser performing index return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index from its initial level.
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 dual directional accelerated barrier notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average, S&P 500 index
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Amount: | $646,000
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If both indexes finish above initial level, par plus 1.05 times return of worst performer; if either index declines but neither finishes below barrier level, par plus absolute value of lesser performing index; otherwise, 1% loss for each 1% decline below initial level of worst performer
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Initial index levels: | 4,200.88 for S&P, 34,464.64 for Dow, 2,273.073 for Russell
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Barrier levels: | 2,940.616 for S&P, 24,125.248 for Dow, 1,591.1511 for Russell; 70% of initial levels
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Pricing date: | May 27
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Settlement date: | June 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.78154%
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Cusip: | 48132T4X1
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