Published on 2/6/2022 in the Prospect News Structured Products Daily.
New Issue: JPMorgan sells $500,000 capped barrier notes on indexes, ETF
By Kiku Steinfeld
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC $500,000 of 0% capped barrier notes due Sept. 6, 2023 linked to the Nasdaq-100 index, the S&P 500 index and the iShares Russell 2000 ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the lesser-performing asset’s final level is greater than its initial level, the payout at maturity will be par plus the lesser-performing asset’s return, subject to a maximum return of 25%.
If the final level of either asset is less than or equal to its initial level but the final level of each asset is greater than or equal to its 56.7% barrier level, the payout will be par.
If the final level of either asset is less than its barrier level, investors will lose 1% for every 1% that the lesser-performing asset declines from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped barrier notes
|
| Underlying assets: | Nasdaq-100 index, the S&P 500 index and the iShares Russell 2000 ETF
|
| Amount: | $500,000
|
| Maturity: | Sept. 6, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing asset’s final level is greater than initial level, par plus lesser-performing asset’s return, subject to 25% cap; if final level of either asset is less than or equal to initial level but final level of each asset is greater than or equal to barrier level, par; if final level of either asset is less than barrier level, 1% loss for every 1% that lesser-performing asset declines from initial level
|
| Initial levels: | $225.92 for ETF, 15,582.51 for Nasdaq, 4,522.68 for S&P
|
| Barrier levels: | $128.09664 for ETF, 8,835.28317 for Nasdaq, 2,564.35956 for S&P, 56.7% of initial levels
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132WKH1
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