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Published on 8/23/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $780,000 capped buffered return enhanced notes on S&P, Russell

By William Gullotti

Buffalo, N.Y., Aug. 23 – JPMorgan Chase Financial Co. LLC priced $780,000 of 0% capped buffered return enhanced notes due June 28, 2023 linked to the performance of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus 125% of the least performing index’s return, subject to a maximum upside return of par plus 15.75%.

If the final level of the least performing index falls by up to 20%, the payout will be par.

If the final level of any index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.

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 return enhanced notes
Underlying indexes:S&P 500 index, Russell 2000 index
Amount:$780,000
Maturity:June 28, 2023
Coupon:0%
Price:Par
Payout at maturity:If each index finishes above initial level, par plus 125% of least performing index’s return, subject to maximum upside return of par plus 15.75%; if least performing index falls by up to 20%, par; if final level of any index is less than initial level by more than 20%, 1% loss for every 1% that worst performing index declines beyond 20%
Initial levels:2,303.469 for Russell, 4,241.84 for S&P
Buffer levels:80% of initial levels
Pricing date:June 23
Settlement date:June 28
Agent:J.P. Morgan Securities LLC
Fees:0.65%
Cusip:48132UPS6

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