By Taylor Fox
New York, Nov. 11 – JPMorgan Chase Financial Co. LLC priced $1.12 million of 0% autocallable contingent buffered return enhanced notes due Oct. 20, 2022 linked to 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 automatically called at $1,127.50 per $1,000 of notes if each index closes at or above the initial level on Oct. 19, 2021.
If the notes are not called, the payout at maturity will be par plus 1.5 times any gain in the lesser performing index.
Investors will receive par if the worst performer declines by up to 20%. If the worst performing index declines by more than 20%, investors will lose 1% for every 1% decline of the laggard index from the initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $1,120,000
|
| Maturity: | Oct. 20, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in worst performing index; par if worst performer declines by up to 20%; otherwise, 1% loss for every 1% loss in worst performer from initial level
|
| Call: | At $1,127.50 per $1,000 of notes if the index closes at or above the initial level on Oct. 19, 2021
|
| Initial levels: | 3,483.81 for S&P and 1,633.808 for Russell
|
| Buffer levels: | 80% of initial level
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| Pricing date: | Oct. 16
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| Settlement date: | Oct. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132PNB6
|
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