Chicago, June 13 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% capped dual directional buffered equity notes due June 4, 2024 linked to the lesser performing of the SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains the payout will be par plus the worst performing ETF return capped at par plus 14.1%.
The payout will be par plus the absolute value of the worst performing ETF return if the worst performing ETF declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing ETF 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 ETFs: | SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF
|
| Amount: | $300,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains par plus worst performing ETF return capped at par plus 14.1%; par plus absolute value of worst performing ETF return if worst performing ETF declines but by no more than 20% buffer; 1% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Call: | Non-callable
|
| Initial levels: | $455.56 for S&P, $218.17 for 2000
|
| Cap: | 14.1%
|
| Buffer: | 20%
|
| Pricing date: | Nov. 30, 2021
|
| Settlement date: | Dec. 3, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.7%
|
| Cusip: | 48132Y2G9
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
