Published on 4/8/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $8.29 million uncapped accelerated barrier notes on Dow, Russell, Nasdaq
By Wendy Van Sickle
Columbus, Ohio, April 8 – JPMorgan Chase Financial Co. LLC priced $8.29 million of 0% uncapped accelerated barrier notes due March 30, 2026 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.7 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $8,287,000
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| Maturity: | March 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 1.7 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
|
| Initial index levels: | 32,619.48 for Dow, 12,780.51 for Nasdaq and 2,183.121 for Russell
|
| Barrier levels: | 22,833.636 for Dow, 8,946.357 for Nasdaq and 1,528.1847 for Russell; 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.99015%
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| Cusip: | 48132TCK0
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