Published on 8/30/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $511,000 uncapped return enhanced notes on S&P, Russell
By William Gullotti
Buffalo, N.Y., Aug. 30 – JPMorgan Chase Financial Co. LLC priced $511,000 of 0% uncapped return enhanced notes due June 22, 2023 linked to the least performing of 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.
At maturity, if the least performing index finishes flat or gains, the payout at maturity will be par plus 1.6 times the return of the worst performer.
Investors will have full exposure to the decline of the least performing index if it finishes below 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 return enhanced notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $511,000
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Maturity: | June 22, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If least performing index finishes flat or gains, par plus the 1.6 times the least performing index return; full exposure to decline of the least performing index if it finishes below its initial level
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Initial index levels: | 4,166.45 for S&P, 2,237.745 for Russell
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Pricing date: | June 18
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Settlement date: | June 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132UB85
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