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Published on 12/10/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan prices $1.3 million capped buffered equity notes tied to Apple, Amazon basket

Chicago, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% capped buffered equity notes due May 5, 2022 linked to a basket consisting of Amazon.com, Inc. and Apple Inc. shares, equally weighted, according to a 424B2 filing with the Securities and Exchange Commission.

If the underlying basket finishes above its initial, the payout at maturity will be par plus the gain up to a maximum return of 14%.

If the basket falls by up to 15%, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline beyond the buffer.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the agent.

Issuer:JPMorgan Chase Financial Co. LLC
Guarantor:JPMorgan Chase & Co.
Issue:Capped buffered equity notes
Underlying basket:Amazon.com, Inc. (Symbol: AMZN), Apple Inc. (Symbol: AAPL), equally weighted
Amount:$1,297,000
Maturity:May 5, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain capped at 14%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
Initial levels:$3,094.08 for Amazon, $122.15 for Apple
Buffer level:85% of initial level
Pricing date:March 31
Settlement date:April 6
Agent:J.P. Morgan Securities LLC
Fees:None
Cusip:48132TJV9

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