By Sarah Lizee
Olympia, Wash., July 13 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% autocallable buffered return enhanced notes due July 8, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus 10% if each index closes at or above its initial level on July 6, 2021.
If each index finishes above its initial level, the payout at maturity will be par plus 4 times the gain of the worse performing index.
If either index falls but neither index falls by more than the 10% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index 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: | Autocallable buffered return enhanced notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $850,000
|
| Maturity: | July 8, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus a premium of 10% if each index closes at or above initial level on July 6, 2021
|
| Payout at maturity: | If each index finishes above its initial level, par plus 4 times the gain of the worse performing index; if either index falls by up to 10%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond buffer
|
| Initial index levels: | 3,130.01 for S&P, 1,431.86 for Russell
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48132MNU1
|
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