By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – JPMorgan Chase Financial Co. LLC priced $208,000 of 0% autocallable buffered return enhanced notes due Aug. 2, 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 4.5% if each index closes at or above its initial level on July 30, 2021.
If each index finishes above its initial level, the payout at maturity will be par plus 2 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: | $208,000
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Maturity: | Aug. 2, 2022
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Coupon: | 0%
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Price: | Par
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Call: | At par plus a premium of 4.5% if each index closes at or above initial level on July 30, 2021
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Payout at maturity: | If each index finishes above its initial level, par plus 2 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: | 3,130.01 for S&P, 1,431.86 for Russell
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Buffer levels: | 85% of initial levels
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Pricing date: | July 28
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Settlement date: | July 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48132MTA9
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