By Taylor Fox
New York, Aug. 31 – JPMorgan Chase Financial Co. LLC priced $610,000 of 0% autocallable contingent buffered return enhanced notes due Aug. 24, 2023 tied to the least performing of the Dow Jones industrial average, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10% if each index closes at or above its initial level on Aug. 20, 2021.
If each index finishes at or above its initial level, the payout at maturity will be par plus 2.5 times the gain of the least performing index.
Investors will receive par if the least performing index falls by up to 30%.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Autocallable contingent buffered return enhanced notes
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Underlying indexes: | Dow Jones industrial average, S&P 500 and Nasdaq-100
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Amount: | $610,000
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Maturity: | Aug. 24, 2023
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Coupon: | 0%
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Price: | Par
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Call: | Automatically at par plus 10% if each index closes at or above its initial level on Aug. 20, 2021
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Payout at maturity: | If each index finishes at or above initial level, par plus 2.5 times any gain of worst performing index; par if worst performing index falls by up to 30%; otherwise, 1% loss for each 1% decline of worst performing index
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Initial levels: | 3,374.85 for S&P, 11,318.64 for Nasdaq and 27,692.88 for Dow
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Contingent buffer: | 70% of initial levels
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Pricing date: | Aug. 19
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Settlement date: | Aug. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5082%
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Cusip: | 48132M4H1
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