Published on 3/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $1.42 million uncapped dual directional buffered equity notes on indexes
By Kiku Steinfeld
Chicago, March 21 – JPMorgan Chase Financial Co. LLC priced $1.42 million of 0% uncapped dual directional buffered equity notes, due March 21, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.01 times any gain of the worst performer.
If the worst performer loses up to 20% of its value, the payout will be par plus half of the absolute value of its return, resulting in a maximum return of 10%.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 20%.
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: | Uncapped dual directional buffered equity notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
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Amount: | $1,415,000
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Maturity: | March 21, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.01 times any gain of worst performer; if the worst performer loses up to 20% of its value, par plus half of the absolute value of its return, resulting in a maximum return of 10%; otherwise, 1% loss for each 1% decline of worst performer beyond buffer
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Initial index levels: | 15,333.47 for Nasdaq, 34,584.88 for Dow, 2,236.871 for Russell
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Buffer levels: | 80% of initial levels
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Pricing date: | Sept. 17
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Settlement date: | Sept. 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.72615%
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Cusip: | 48132WRU5
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