By Kiku Steinfeld
Chicago, May 23 – JPMorgan Chase Financial Co. LLC priced $727,000 of 0% capped dual directional buffered equity notes due Oct. 18, 2024 linked to the Russell 2000 index, Dow Jones industrial average and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index finishes above its initial level, the payout at maturity will be par plus the worst performing index’s return, capped at 31.15%.
The payout will be par plus 50% of the absolute value of the worst performing index’s return if the worst performing index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Russell 2000 index, Dow Jones industrial average and S&P 500 index
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Amount: | $727,000
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Maturity: | Oct. 18, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index finishes above initial level, par plus that index’s return, capped at par plus 31.15%; par plus 50% of absolute value of worst performing index’s return if worst performer declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
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Call: | Non-callable
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Initial levels: | 35,294.76 for Dow, 2,265.654 for Russell, 4,471.37 for S&P
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Cap: | 31.15%
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Buffer: | 20%
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Pricing date: | Oct. 15, 2021
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Settlement date: | Oct. 20, 2021
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45%
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Cusip: | 48132YAE5
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