By Kiku Steinfeld
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $628,000 of 0% capped dual directional buffered equity notes due April 4, 2023 linked to the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus the worst performing index return, capped at par plus 16%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than 10%.
Investors will lose 1% for every 1% that the worst performing index declines beyond 10%.
The securities are non-callable.
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: | Capped dual directional buffered equity notes
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Underlying indexes: | Nasdaq-100 index and S&P 500 index
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Amount: | $628,000
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Maturity: | April 4, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus worst performing index return, capped at par plus 16%; par plus absolute value of worst performing index return if worst performing index declines but by no more than 10% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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Initial level: | 14,689.62 for Nasdaq-100, 4,307.54 for S&P 500
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Buffer level: | 90% of initial levels
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Pricing date: | Sept. 30, 2021
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Settlement date: | Oct. 5, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.46875%
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Cusip: | 48132WLH0
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