By Taylor Fox
New York, Oct. 27 – JPMorgan Chase Financial Co. LLC priced $1.98 million of 0% step-up autocallable buffered equity notes due Sept. 29, 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 are guaranteed by JPMorgan Chase & Co.
If both indexes finish above their initial levels on Oct. 4, 2021, the notes will be automatically called at par plus 6.75%.
The payout at maturity will be par plus any gain of the lesser-performing index.
Investors will receive par if either index falls by up to 10% and will otherwise lose 1% for each 1% decline of the lesser-performing index beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Step-up autocallable buffered equity notes
|
| Underlying indexes: | S&P 500 index and Russell 2000 index
|
| Amount: | $1,978,000
|
| Maturity: | Sept. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any gain of the lesser-performing index; par if either index falls by up to buffer level; otherwise 1% loss for each 1% decline of lesser-performing index beyond buffer
|
| Call: | Automatically called at par plus 6.75% premium if both indexes finish above initial level on Oct. 4, 2021
|
| Initial levels: | 1,474.908 for Russell and 3,298.46 for S&P
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.49216%
|
| Cusip: | 48132MN56
|
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