Published on 11/5/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.7 million buffered enhanced participation notes on index basket
By William Gullotti
Buffalo, N.Y., Nov. 5 – JPMorgan Chase Financial Co. LLC priced $1.7 million of 0% buffered enhanced participation notes due July 31, 2024 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 29% weight, the FTSE 100 index with a 16% weight, the Swiss Market index with a 11% weight and the S&P/ASX 200 index with an 8% weight.
If the basket return is positive, the payout at maturity will be par plus 1.431 times the basket return. Investors will receive par if the basket declines by 5% or less and will lose 1.0526% for every 1% that it declines beyond 5%.
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: | Buffered enhanced participation notes
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Underlying indexes: | Euro Stoxx 50 (36% weight), Topix (29% weight), FTSE 100 (16% weight), Swiss Market (11% weight) and S&P/ASX 200 (8% weight)
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Amount: | $1.7 million
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If basket return is positive, par plus 1.431 times basket return; par if basket declines by 5% or less; 1.0526% loss for every 1% that basket declines beyond 5%
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Initial levels: | 4,103.03 for Stoxx, 1,919.65 for Topix, 7,016.63 for FTSE, 12,073.23 for Swiss, 7,379.287 for S&P/ASX
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Buffer levels: | 95% of initial levels
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Pricing date: | July 28
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Settlement date: | Aug. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48132UD67
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