By Sarah Lizee
Olympia, Wash., Nov. 28 – JPMorgan Chase Financial Co. LLC priced $5.7 million of 0% dual directional knock-out notes due Nov. 26, 2021 linked to the Health Care Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final fund level is less than or equal to the upper knock-out level, 126.75% of the initial level and greater than the lower knock-out level, 73.25% of the initial level, the payout will be par plus the absolute value of the fund return.
If the final fund level is greater than the upper knock-out level or less than the lower knock-out level, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional knock-out notes
|
| Underlying fund: | Health Care Select Sector SPDR fund
|
| Amount: | $5.7 million
|
| Maturity: | Nov. 26, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final fund level is less than or equal to upper knock-out level and greater than or equal to lower knock-out level, par plus absolute value of fund return; otherwise, par
|
| Initial level: | $89.51
|
| Upper knock-out level: | $113.45393, 126.75% of initial level
|
| Lower knock-out level: | $65.56608, 73.25% of initial level
|
| Final level: | Average closing level of fund on five trading days ending Nov. 22, 2021
|
| Pricing date: | Nov. 21
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130WEF4
|
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