Published on 7/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $1.5 million capped buffered equity notes linked to three indexes
By Wendy Van Sickle
Columbus, Ohio, July 30 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped buffered equity notes due July 27, 2023 linked to the lesser performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 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 lesser-performing index’s return, capped at 15%.
If the final level of either index is less than its initial level by up to 25%, par.
If the final level of either index is less than its initial level by more than 25%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 25%.
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: | Dow Jones industrial average, S&P 500 index, Russell 2000 index
|
| Amount: | $1,497,000
|
| Maturity: | July 27, 2023
|
| 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 15%; if lesser-performing index falls by up to 25%, par; if final level of either index is less than initial level by more than 25%, 1% loss for every 1% that lesser-performing index declines beyond 25%
|
| Initial levels: | 34,823.35 for Dow, 4,367.48 for S&P, 2,199.475 for Russell
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | July 22
|
| Settlement date: | July 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132U2P7
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
