By Sarah Lizee
Olympia, Wash., June 26 – JPMorgan Chase Financial Co. LLC priced $230,000 of 0% autocallable contingent buffered return enhanced notes due Dec. 23, 2021 linked to the S&P 500 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 7.5% annual call premium if the index closes at or above its call level on the June 22, 2021 review date. The call level will be equal to the initial level.
If the index finishes above its initial level, the payout at maturity will be par plus 2 times the gain.
If the index falls but by no more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Autocallable contingent buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $230,000
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| Maturity: | Dec. 23, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes above its initial level, par plus 2 times gain; if index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of index from initial level
|
| Call: | At par plus a 7.5% annual call premium if index closes at or above call level on June 22, 2021
|
| Initial levels: | 3,097.74
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| Barrier levels: | 70% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.225%
|
| Cusip: | 48132MKN0
|
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