By Kiku Steinfeld
Chicago, June 23 – JPMorgan Chase Financial Co. LLC priced $1.37 million of 0% uncapped accelerated barrier notes due Dec. 15, 2026 linked to an unequally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight and the Stoxx Europe 600 index with a 30% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes above its initial level, the payout at maturity will be par plus 1.1 times the return.
If the basket declines but finishes at or above the 65% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying basket: | S&P 500 index (70% weight), Stoxx Europe 600 index (30% weight)
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| Amount: | $1,365,000
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| Maturity: | Dec. 15, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket finishes above its initial level, par plus 1.1 times the return of the basket; if the basket declines but finishes at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the basket from its initial level
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| Initial index level: | 475.56 for Stoxx, 4,712.02 for S&P
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| Barrier level: | 65% of initial levels
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| Pricing date: | Dec. 10, 2021
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| Settlement date: | Dec. 15, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48132YU45
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