Published on 5/24/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $726,000 uncapped dual directional accelerated barrier notes tied to indexes
By Kiku Steinfeld
Chicago, May 24 – JPMorgan Chase Financial Co. LLC priced $726,000 of 0% uncapped dual directional accelerated barrier notes April 30, 2026 linked to the S&P 500 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 1.1 times the gain of the worst performer, if both indexes finish above their initial levels.
If either index falls but each index finishes at or above 70% of its initial level, the payout will be par plus the absolute value of the lesser performing index return.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index 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: | Uncapped dual directional accelerated barrier notes
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Underlying indexes: | Russell 2000 index, Dow Jones industrial average and S&P 500 index
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Amount: | $726,000
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Maturity: | April 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If both indexes finish above initial level, par plus 1.1 times return of worst performer; if either index declines but neither finishes below barrier level, par plus absolute value of lesser performing index; otherwise, 1% loss for each 1% decline below initial level of worst performer
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Initial index levels: | 4,181.17 for S&P, 33,874.85 for Dow, 2,266.449 for Russell
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Barrier levels: | 2,926.819 for S&P, 23,712.395 for Dow, 1,586.5143 for Russell, 70% of initial levels Pricing date: April 30
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Settlement date: | May 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.78065%
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Cusip: | 48132TNM4
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