Published on 4/12/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1 million uncapped accelerated barrier notes on three stocks
By Wendy Van Sickle
Columbus, Ohio, April 12 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped accelerated barrier notes due Oct. 4, 2024 linked to the stock performance of YETI Holdings, Inc., Walt Disney Co. and Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each stock finishes at or above its initial level, the payout at maturity will be par plus 4.55 times the return of the lowest performing stock.
If the worst performer declines but finishes at or above the 80% barrier level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performer 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: | Uncapped accelerated barrier notes
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| Underlying stocks: | YETI Holdings, Inc., Walt Disney Co., Charles Schwab Corp.
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| Amount: | $1 million
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| Maturity: | Oct. 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above its initial level, par plus 4.55 times the return of the least performing stock; if worst performer declines but finishes at or above barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
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| Initial levels: | $61.52 for YETI, $137.34 for Disney, $83.63 for Charles Schwab
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| Barrier levels: | $49.216 for YETI, $109.872 for Disney, $66.904 for Charles Schwab; 80% of initial levels
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| Pricing date: | April 4
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| Settlement date: | April 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133FGW9
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