By Sarah Lizee
Olympia, Wash., May 21 – JPMorgan Chase Financial Co. LLC priced $6.68 million of 0% autocallable buffered return enhanced notes due May 19, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be automatically called at par plus 10% if the index is at or above 110% of the initial level on the May 18, 2021 call date.
If the notes are not called, the payout at maturity will be par plus 2 times any gain in the index.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% decline beyond 10%.
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: | Autocallable buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $6,675,000
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Maturity: | May 19, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any gain in the index; par if index declines by up to 10%; 1% loss for every 1% index decline beyond 10%
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Call: | At par plus 10% if the index is at or above 110% of initial level on May 18, 2021
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Initial level: | 2,863.7
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Buffer level: | 90% of initial level
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Pricing date: | May 15
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Settlement date: | May 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132K7D1
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