By Kiku Steinfeld
Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $288,000 of 0% review notes due Oct. 2, 2024 linked to the lesser performing of the S&P 500 index and the VanEck Vectors Junior Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a call premium of 19% per year if each underlier closes at or above its initial level on any semiannual call date.
If the notes are not called and the final level of each underlier is greater than or equal to its trigger value, 70% of its initial level, the payout will be par. Otherwise, investors will lose 1% for each 1% that the lesser-performing underlier finishes below its initial level.
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: | Review notes
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| Underlying assets: | S&P 500 index and the VanEck Vectors Junior Gold Miners ETF
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| Amount: | $288,000
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| Maturity: | Oct. 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par if final level of each underlier is greater than or equal to its trigger value; otherwise, exposure to losses of worse performing asset
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| Call: | At par plus 19% per year if each asset closes at or above initial level on any semiannual call date
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| Initial levels: | 4,443.11 for index and $38.89 for ETF
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| Trigger levels: | 3,121.006 for index and $27.223 for ETF; 70% of initial levels
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| Pricing date: | Sept. 27, 2021
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| Settlement date: | Sept. 30, 2021
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48132WXS3
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