Published on 6/1/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $350,000 uncapped accelerated barrier notes on indexes, ETF
By Kiku Steinfeld
Chicago, June 1 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% uncapped accelerated barrier notes due Nov. 3, 2026 linked to iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout at maturity will be par plus 200% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the worst performing asset declines if it closes below its barrier.
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: | Uncapped accelerated barrier notes
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| Underlying assets: | iShares Russell 2000 Value ETF, Dow Jones industrial average and Nasdaq-100 index
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| Amount: | $350,000
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| Maturity: | Nov. 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains, par plus 200% of worst performing return; par if worst performing asset declines but finishes at or above its downside barrier; 1% loss for every 1% that worst performing asset declines if it finishes below its downside barrier
|
| Initial levels: | 15,850.47 for Nasdaq, 35,819.56 for Dow, $166.38 for fund
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| Barrier levels: | 11,095.329 for Nasdaq, 25,073.692 for Dow, $116.466 for fund, 70% of initial levels
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| Upside leverage: | 200%
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| Cap: | None
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| Pricing date: | Oct. 29, 2021
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| Settlement date: | Nov. 3, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48132YJX4
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