New Issue: JPMorgan sells $2.18 million capped dual directional contingent buffered notes on S&P

By Kiku Steinfeld

Chicago, July 24 – JPMorgan Chase Financial Co. LLC priced $2.18 million of 0% capped dual directional contingent buffered equity notes due June 21, 2023 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.

If the index finishes above its initial level, the payout at maturity will be par plus the gain, capped at 10%.

If the index finishes flat or falls by up to 19.25%, the payout will be par plus the absolute value of the index return. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Capped dual directional contingent buffered equity notes
Underlying index:	S&P 500 index
Amount:	$2,182,000
Maturity:	June 21, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 10%; if index falls by up to barrier level, par plus the absolute value of the index return; otherwise, 1% loss for every 1% index decline
Initial level:	3,224.73
Barrier level:	80.75% of initial level
Final level:	Average of index closing levels for five trading days ending July 30, 2021
Pricing date:	July 17
Settlement date:	July 22
Agent:	J.P. Morgan Securities LLC
Fees:	1%
Cusip:	48132MUP4

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