By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – JPMorgan Chase Financial Co. LLC priced $124,000 of 0% autocallable buffered equity notes due Sept. 29, 2022 linked to the least 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 are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 4.5% call premium if each index closes at or above its initial level on Oct. 4, 2021.
If the notes have not been called and each index finishes above its initial level, the payout at maturity will be par plus the gain of the least performing index.
If the either index falls but by no more than 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index beyond 15%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Autocallable buffered equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $124,000
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Maturity: | Sept. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus gain of least performing index; if either index falls by up to 15%, par; otherwise, 1% loss for each 1% decline of least-performing index beyond 15%
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Call: | At par plus 4.5% if each index closes at or above initial level on Oct. 4, 2021
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Initial levels: | 1,474.908 for Russell and 3,298.46 for S&P
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Buffer amount: | 85% of initial levels
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Pricing date: | Sept. 25
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Settlement date: | Sept. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48132MN98
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