Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $757,000 uncapped digital barrier notes linked to S&P, Nasdaq, Dow
Chicago, June 1 – JPMorgan Chase Financial Co. LLC priced $757,000 of 0% uncapped digital barrier notes due Nov. 13, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the S&P 500 index, 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 the greater of the least performing index’s return and 33.4%.
If the worst performer declines but finishes at or above its barrier level, 60% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped digital barrier notes
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Dow Jones industrial average
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| Amount: | $757,000
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| Maturity: | Nov. 13, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If least performing index finishes at or above initial level, par plus greater of least performing index’s return and 33.4%; if the worst performer declines up to barrier, par; otherwise, full exposure to decline of worst performer from initial level
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| Initial levels: | 4,685.25 for S&P, 36,319.98 for Dow, 16,219.94 for Nasdaq
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| Barrier levels: | 2,811.15 for S&P, 21,791.988 for Dow, 9,731.964 for Nasdaq; 60% of initial levels
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| Pricing date: | Nov. 9, 2021
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| Settlement date: | Nov. 15, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132YPB5
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