Published on 3/22/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $774,000 uncapped accelerated barrier notes on Stoxx indexes
By Kiku Steinfeld
Chicago, March 22 – JPMorgan Chase Financial Co. LLC priced $774,000 of 0% uncapped accelerated barrier notes due Sept. 22, 2026 linked to the least performing of the Euro Stoxx 50 index and the Stoxx Europe 600, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 2.45 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: | Uncapped accelerated barrier notes
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Underlying indexes: | Euro Stoxx 50 index, Stoxx Europe 600
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Amount: | $774,000
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Maturity: | Sept. 22, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus 2.45 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 from its initial level
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Initial index levels: | 4,130.84 for Stoxx 50, 461.84 for Stoxx Europe
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Barrier levels: | 2,891.588 for Stoxx 50, 323.288 for Stoxx Europe; 70% of initial levels
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Pricing date: | Sept. 17
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Settlement date: | Sept. 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48132WJW0
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