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Published on 11/17/2021 in the Prospect News Structured Products Daily.

New Issue: JPMorgan sells $3.04 million capped buffered return enhanced notes on Russell 2000

By William Gullotti

Buffalo, N.Y., Nov. 17 – JPMorgan Chase Financial Co. LLC priced $3.04 million of 0% capped buffered return enhanced notes due Sept. 13, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of par plus 19.55%.

Investors will receive par if the index falls by up to 17.5% and will lose 1.21212% for every 1% decline beyond 17.5%.

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 index:Russell 2000 index
Amount:$3.04 million
Maturity:Sept. 13, 2023
Coupon:0%
Price:Par
Payout at maturity:Par plus 1.5 times any index gain, capped at 19.55%; par if index declines by 17.5% or less; otherwise, lose 1.21212% for every 1% decline below the buffer
Initial value:2,442.742
Buffer level:82.5% of initial level
Strike date:Nov. 8
Pricing date:Nov. 9
Settlement date:Nov. 12
Agent:J.P. Morgan Securities LLC
Fees:None
Cusip:48132YSM8

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