New Issue: JPMorgan prices $1.02 million capped buffered return enhanced notes on EM ETF

By Kiku Steinfeld

Chicago, June 2 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% capped buffered return enhanced notes due Nov. 2, 2023 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund gains, the payout at maturity will be par plus 200% of the fund return capped at par plus 18%. The payout will be par if the fund declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the fund declines 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 return enhanced notes
Underlying fund:	iShares MSCI Emerging Markets ETF
Amount:	$1,017,000
Maturity:	Nov. 2, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If fund gains, par plus 200% of fund return capped at par plus 18%; par if fund declines but by no more than 10% buffer; 1% loss for every 1% that fund declines beyond the buffer
Initial level:	$50.92
Upside leverage:	200%
Cap:	18%
Buffer:	10%
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Agent:	J.P. Morgan Securities LLC
Fees:	0.6203%
Cusip:	48132WG52

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