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Published on 7/2/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $350,000 buffered digital notes on Russell, S&P

By William Gullotti

Buffalo, N.Y., July 2 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% buffered digital notes due June 3, 2022 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes finish above 85% of their initial levels, the payout at maturity will be par plus a 6% digital return.

Otherwise, investors will lose 1% for each 1% decline beyond the 15% 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:Buffered digital notes
Underlying indexes:Russell 2000 and S&P 500
Amount:$350,000
Maturity:June 3, 2022
Coupon:0%
Price:Par
Payout at maturity:Par plus 6% digital return if both indexes finish above 85% of initial levels otherwise 1% loss for each 1% decline beyond 15% buffer
Initial levels:2,227.338 for Russell, 4,197.05 for S&P
Buffer levels:85% of initial levels
Pricing date:May 24
Settlement date:May 27
Agent:J.P. Morgan Securities LLC
Fees:0.65%
Cusip:48132UCQ4

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