By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $468,000 of 0% autocallable buffered return enhanced notes due Oct. 5, 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 7.25% if each index closes at or above its initial level on Oct. 4, 2021.
If each index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain of the worse performing index.
If either index falls but neither index falls by more than the 15% 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable buffered return enhanced notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $468,000
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| Maturity: | Oct. 5, 2022
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus a premium of 7.25% if each index closes at or above initial level on Oct. 4, 2021
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| Payout at maturity: | If each index finishes above its initial level, par plus1.5 times the gain of the worse performing index; if either index falls by up to 15%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond buffer
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| Initial index levels: | 3,363.00 for S&P and 1,507.692 for Russell
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| Buffer levels: | 85% of initial levels
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.47329%
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| Cusip: | 48132MM24
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