Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $564,000 capped dual directional accelerated barriers on Nasdaq, S&P
By William Gullotti
Buffalo, N.Y., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $564,000 of 0% capped dual directional accelerated barrier notes due April 12, 2024 linked to the lesser performing of the Nasdaq-100 index and the S&P 500 index, 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 1.3 times the gain of the worst performer if all indexes finish positive, capped at 40%.
If the worst performing index falls but not beyond the 75% barrier level, the payout will be par plus half the absolute value of the index return for that index.
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: | Capped dual directional accelerated barrier notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index
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| Amount: | $564,000
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| Maturity: | April 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.3 times index gain of worst performer if all indexes finish positive, capped at 40%; if worst performing index falls but is above barrier level, par plus half the absolute value of return of that index; otherwise, 1% loss for each 1% decline below initial level of worst performer
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| Initial index levels: | 4,128.80 for S&P, 13,845.05 for Nasdaq
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| Barrier levels: | 3,096.60 for S&P, 10,383.7875 for Nasdaq; 75% of initial levels
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| Pricing date: | April 9
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| Settlement date: | April 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48132TTP1
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