Published on 7/1/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.26 million uncapped accelerated barrier notes on S&P, Russell
By Wendy Van Sickle
Columbus, Ohio, July 1 – JPMorgan Chase Financial Co. LLC priced $1.26 million of 0% uncapped accelerated barrier notes due May 26, 2027 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.4 times the return of the worst performing index.
If any index falls but each index finishes at or above the 75% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
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 indexes: | S&P 500 index, Russell 2000 index
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Amount: | $1,256,000
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Maturity: | May 26, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 1.4 times the return of the worst performing index; if any index falls but all indexes finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level
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Initial index levels: | 4,155.86 for S&P, 2,215.268 for Russell
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Barrier levels: | 3,116.895 for S&P, 1,661.451 for Russell; 75% of initial levels
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Pricing date: | May 21
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Settlement date: | May 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.25%
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Cusip: | 48132TQ66
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