By William Gullotti
Buffalo, N.Y., April 4 – JPMorgan Chase Financial Co. LLC priced $5.01 million of 0% autocallable buffered return enhanced notes due May 5, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10% if the index closes at or above its initial level on May 13, 2022.
If the index finishes at or above its initial level, the payout at maturity will be par plus two times the gain of the index.
Investors will receive par if the index falls by up to 15%.
Otherwise, investors will lose 1% for each 1% decline of the index from the initial level.
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: | Autocallable buffered return enhanced notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $5,010,000
|
| Maturity: | May 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus two times gain; par if index falls by up to 15%; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | Automatically at par plus 10% if index closes at or above initial level on May 13, 2022
|
| Initial level: | 3,974.74
|
| Barrier level: | 85% of initial level
|
| Pricing date: | April 30, 2021
|
| Settlement date: | May 5, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132T2F2
|
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