Published on 2/12/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $693,000 digital barrier notes linked to indexes
By Wendy Van Sickle
Columbus, Ohio, Feb. 12 – JPMorgan Chase Financial Co. LLC priced $693,000 of 0% digital barrier notes due Feb. 4, 2022 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing index finishes at or above its 80% of its initial level, the payout at maturity will be par plus the digital upside return of 11%.
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
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying indexes: | S&P 500, Dow Jones industrial average and S&P MidCap 400
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Amount: | $693,000
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Maturity: | Feb. 4, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the least performing index finishes at or above its 80% of its initial level, par plus 11%; otherwise, full exposure to the decline of the lesser performing index from its initial level
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Initial levels: | 3,714.24 for S&P 500, 2,340.12 for S&P MidCap, 29,982.62 for Dow
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Barrier levels: | 2,971.392 for S&P 500, 1,872.096 for S&P MidCap, 23,986.096 for Dow, 80% of initial levels
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Pricing date: | Jan. 29
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Settlement date: | Feb. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48132RSF8
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