By Kiku Steinfeld
Chicago, Jan. 11 – JPMorgan Chase Financial Co. LLC priced Jan. 20, 2022 of 0% capped dual directional contingent buffered equity notes due Dec. 1, 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.
If the index finishes above its initial level, the payout at maturity will be par plus the gain of the index, capped at 7%.
If the index falls but by no more than 19.5%, the payout will be par plus the absolute value of its return.
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.
|
| Issue: | Capped dual directional contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $660,000
|
| Maturity: | Jan. 20, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above its initial level, par plus gain of index, capped at 7%; if index falls by up to 19.5%, par plus absolute value of return; otherwise, 1% loss for each 1% decline of index from initial level
|
| Initial level: | 3,756.07
|
| Barrier level: | 80.5% of initial level
|
| Final level: | Average of index closing levels for five trading days ending Jan. 14, 2022
|
| Pricing date: | Dec. 31
|
| Settlement date: | Jan. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132RDQ0
|
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