Chicago, June 8 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 0% capped dual directional buffered equity notes due May 26, 2023 linked to the lesser performing of the S&P 500 index and iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout will be par plus the worst performing asset return, capped at par plus 8.3%.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing asset 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped dual directional buffered equity notes
|
| Underlying assets: | S&P 500 index and iShares Russell 2000 ETF
|
| Amount: | $1,244,000
|
| Maturity: | May 26, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains par plus worst performing asset return capped at par plus 8.3%; par plus absolute value of worst performing asset return if worst performing asset declines but by no more than 20% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
|
| Call: | Non-callable
|
| Initial levels: | 4,690.7 for index, $231.33 for fund
|
| Cap: | 8.3%
|
| Buffer: | 20%
|
| Pricing date: | Nov. 23, 2021
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| Settlement date: | Nov. 29, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132YUC7
|
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