Published on 11/24/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $2.45 million capped accelerated barrier notes on indexes, ETF
By William Gullotti
Buffalo, N.Y., Nov. 24 – JPMorgan Chase Financial Co. LLC priced $2.45 million of 0% capped accelerated barrier notes due May 11, 2023 linked to the least performing of the iShares Russell 2000 Value ETF, 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.
If each underlier finishes at or above its initial level, the payout at maturity will be par plus 1.5 times the return of the worst performing underlier, subject to a maximum settlement of par plus 30%.
If any underlier falls but each underlier finishes at or above its barrier level, 70% of its initial level, the payout will be par.
If any underlier finishes below its barrier level, investors will be fully exposed to the decline of the worst performer from its initial level.
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: | Capped accelerated barrier notes
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| Underlying assets: | S&P 500 index, Nasdaq-100 index, iShares Russell 2000 Value ETF
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| Amount: | $2,445,000
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| Maturity: | May 11, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each underlier finishes at or above its initial level, par plus 1.5 times the return of the worst performing underlier, capped at par plus 30%; if any underlier falls but each underlier finishes at or above its barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performer from its initial level
|
| Initial levels: | $176.88 for ETF, 4,701.7 for S&P, 16,336.03 for Nasdaq
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| Barrier levels: | $123.816 for ETF, 3,291.19 for S&P, 11,435.221 for Nasdaq; 70% of initial levels
|
| Pricing date: | Nov. 8
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| Settlement date: | Nov. 12
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132YNN1
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