Published on 8/19/2021 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $400,000 digital barrier notes linked to Russell, Nasdaq, S&P
By William Gullotti
Buffalo, N.Y., Aug. 19 – JPMorgan Chase Financial Co. LLC priced $400,000 of 0% digital barrier notes due March 22, 2022 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If all indexes finish at or above the 80% digital barrier, the payout at maturity will be par plus 3.4%. If any index falls below its digital barrier but finishes at or above its 70% barrier level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital barrier notes
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Underlying indexes: | S&P 500 index, Nasdaq-100 index, Russell 2000 index
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Amount: | $400,000
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Maturity: | March 22, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If all indexes finish at or above the 80% digital barrier, par plus 3.4%; if any index falls below its initial level but finishes at or above its 70% barrier level, par; otherwise, full exposure to the decline of the worst performing index from its initial level
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Initial levels: | 4,221.86 for S&P, 2,287.46 for Russell, 14,163.81 for Nasdaq
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Digital barrier levels: | 3,377.488 for S&P, 1,829.968 for Russell, 11,331.048 for Nasdaq; 80% of initial levels
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Barrier levels: | 2,955.302 for S&P, 1,601.222 for Russell, 9,914.667 for Nasdaq; 70% of initial levels
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Pricing date: | June 17
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Settlement date: | June 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48132UPA5
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