E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 10/11/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $267,000 digital barrier notes linked to Dow, S&P, Nasdaq

By Kiku Steinfeld

Chicago, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $267,000 of 0% digital barrier notes due Sept. 30, 2022 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the least performing index finishes at or above its initial level, the payout at maturity will be par plus 11.15%.

If the least performing index falls by no more than 25% of its initial level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.

The agent is J.P. Morgan Securities LLC.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Digital barrier notes
Underlying indexes:S&P 500 index, Nasdaq-100 index and Dow Jones industrial average
Amount:$267,000
Maturity:Sept. 30, 2022
Coupon:0%
Price:Par
Payout at maturity:If least performing index finishes at or above its initial level, par plus 11.15%; if least performing index falls by no more than 25%, par; otherwise, full exposure to decline of lesser performing index from its initial level
Initial levels:4,455.48 for S&P, 15,329.68 for Nasdaq, 34,798.00 for Dow
Barrier levels:3,341.61 for S&P, 11,497.26 for Nasdaq, 26,098.50 for Dow, 75% of initial levels
Pricing date:Sept. 24
Settlement date:Sept. 29
Agent:J.P. Morgan Securities LLC
Fees:0.6%
Cusip:48132WWK1

© 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.