By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $651,000 of 0% autocallable contingent buffered equity notes due Dec. 1, 2022 linked to the least performing of the S&P 500 index and the Nasdaq-100 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 6.25% call premium if each index closes at or above its initial level on Dec. 7, 2021.
If each index finishes above its initial level, the payout at maturity will be par plus the gain of the lesser performing index.
If the either index falls but by no more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Autocallable contingent buffered equity notes
|
| Underlying indexes: | S&P 500 and Nasdaq-100 index
|
| Amount: | $651,000
|
| Maturity: | Dec. 1, 2022
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| Coupon : | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus gain of lesser performing index; if either index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of lesser-performing index from initial level
|
| Call: | At par plus 6.25% call premium if each index closes at or above initial level on Dec. 7, 2021
|
| Initial levels: | 12,079.81 for Nasdaq and 3,635.41 for S&P
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.40399%
|
| Cusip: | 48132PUV4
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