By Kiku Steinfeld
Chicago, Sept. 30 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% autocallable contingent buffered return enhanced notes due Sept. 28, 2022 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 automatically called at par plus 7.25% if the index closes at or above the initial level on Sept. 24, 2021.
If the notes are not called, the payout at maturity will be par plus 1.5 times any gain in the index.
Investors will receive par if the index declines by up to 25%. If the index declines by more than 25%, investors will lose 1% for every 1% decline 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 index: | S&P 500
|
| Amount: | $1,215,000
|
| Maturity: | Sept. 28, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any gain in the index; par if index declines by up to 25%; otherwise, 1% loss for every 1% index
|
| Call: | At par plus 7.25% if the index closes at or above the initial level on Sept. 24, 2021
|
| Initial level: | 3,236.92
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132PBG8
|
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