By Wendy Van Sickle
Columbus, Ohio, Jan. 31 – JPMorgan Chase Financial Co. LLC priced $6.82 million of 0% bearish barrier early redeemable market-linked notes with daily early redemption observation and no conditional return due Feb. 18, 2022 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 closes below the barrier, 75% of the initial index level, on any day during the life of the notes, the notes will be automatically redeemed at par.
If the notes are not automatically redeemed and the index return is greater than or equal to zero, the payout at maturity will be par.
If the index return is less than zero but greater than or equal to negative 25%, the payout will be par plus the absolute value of the index return.
J.P. Morgan Securities LLC is the underwriter. UBS Financial Services Inc. is acting as selling agent.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Bearish barrier early redeemable market-linked notes with daily early redemption observation and no conditional return
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Underlying index: | S&P 500
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Amount: | $6.82 million
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Maturity: | Feb. 18, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If notes are not automatically redeemed and index return is greater than or equal to zero, par; if index return is less than zero but greater than or equal to negative 25%, par plus absolute value of index return
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Call: | Automatically at par if index closes below barrier, 75% of initial index level, on any day during life of notes
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Initial level: | 3,276.24
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Lower barrier: | 2,457.18, 75% of initial level
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Pricing date: | Jan. 28
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Settlement date: | Jan. 31
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Underwriter: | J.P. Morgan Securities LLC
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Selling agent: | UBS Financial Services Inc.
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Fees: | 1.5%
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Cusip: | 48132HSE3
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