Published on 1/11/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $634,000 autocallable accelerated barrier notes on indexes
By Wendy Van Sickle
Columbus, Ohio, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $634,000 of 0% autocallable accelerated barrier notes due Dec. 29, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, 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 8% if each index closes at or above its initial level on Dec. 27, 2021.
If each index finishes at or above its initial level, the payout at maturity will be par plus 3.3 times the return of the worst performing index.
If any index falls but each index finishes at or above the 70% 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: | autocallable accelerated barrier notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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| Amount: | $634,000
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| Maturity: | Dec. 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 8% if each index closes at or above initial level on Dec. 27, 2021
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 3.3 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
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| Initial index levels: | 2,007.104 for Russell, 3,690.01 for S&P, 30,129.83 for Nasdaq
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| Barrier levels: | 1,404.9728 for Russell, 2,583.007 for S&P, 21,090.881 for Nasdaq; 70% of initial levels
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132RAC4
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