Published on 6/21/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $996,000 uncapped accelerated barrier notes on Stoxx indexes
By Kiku Steinfeld
Chicago, June 21 – JPMorgan Chase Financial Co. LLC priced $996,000 of 0% uncapped accelerated barrier notes due Dec. 3, 2026 linked to Euro Stoxx 50 index and Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus 288% of the return of the worst performing index. The payout will be par if the worst performing index declines but finishes at or above its 75% barrier. Investors will lose 1% for every 1% that the worst performing index 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 indexes: | Euro Stoxx 50 index and Stoxx Europe 600 index
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Amount: | $996,000
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Maturity: | Dec. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 288% of lowest return; par if worst performing index declines but finishes at or above its downside barrier; 1% loss for every 1% that worst performing index declines if it finishes below its downside barrier
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Initial levels: | 4,109.51 for Stoxx 50, 467.24 for Stoxx Europe
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Barriers: | 3,082.1325 for Stoxx 50, 350.43 for Stoxx Europe, 75% of initial levels
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Upside leverage: | 288%
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Cap: | None
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Pricing date: | Nov. 29, 2021
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Settlement date: | Dec. 2, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.1%
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Cusip: | 48132Y4E2
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