Published on 10/18/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.21 million review notes on Dow, Nasdaq, Russell 2000 Value ETF
By William Gullotti
Buffalo, N.Y., Oct. 18 – JPMorgan Chase Financial Co. LLC priced $2.21 million of 0% review notes due Oct. 17, 2024 linked to the performance of the Dow Jones industrial average, the Nasdaq-100 index and the iShares Russell 2000 Value ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus an annualized call premium of 14.9% if each underlier closes at or above initial levels on any semiannual valuation date after one year.
If the notes are not called and each underlier finishes at or above 70% of its initial level, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline of the worst performer from its initial level.
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: | Review notes
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| Underlying assets: | Dow Jones industrial average, Nasdaq-100 index, iShares Russell 2000 Value ETF
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| Amount: | $2.21 million
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| Maturity: | Oct. 17, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless any underlier finishes below trigger value, in which case full exposure to decline of worse performer from initial level
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| Call: | At par plus an annualized call premium of 14.9% if each underlier closes at or above its initial level on any semiannual call valuation date after one year
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| Initial values: | $164.07 for ETF, 34,377.81 for Dow, 14,774.6 for Nasdaq
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| Trigger values: | $114.849 for ETF, 24,064.467 for Dow, 10,342.22 for Nasdaq; 70% of initial values
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.80656%
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| Cusip: | 48132W7F0
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